What does mortgage mean?

Mortgage means that the mortgagor and the creditor conclude an agreement in writing not to transfer the possession of the mortgaged property, and take the property as the guarantee of the creditor's rights. 1. Creditors refer to lenders and suppliers of banks and other financial institutions that provide loans to the Company or inventory materials and equipment to the Company. As creditors, they are most concerned about whether apricot can get the principal and interest of the loan and receive the payment in time.

2. Creditor's right is a civil right to demand certain actions (actions or omissions) from others. Creditor's right is the symmetry of "debt", which means that the subject of right has the right to ask the subject of obligation to do or not do something in the relationship of debt. Creditor's right and debt together constitute the content of debt. Creditor's rights correspond to real rights and become an important part of real rights.

Property right is the right of civil subjects to directly control specific things and enjoy their benefits within the scope prescribed by law, excluding others' interference, including ownership and other property rights (usufructuary right and security right). The property rights of state, collective, private and other obligees are protected by law, and no unit or individual may infringe upon them.