18 Guam Code Ann. § 36106
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Terms Used In 18 Guam Code Ann. § 36106
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The fact that a transfer was made subject to defeasance on a condition, may, for the purpose of showing such transfer to be a mortgage, be proven (except as against a subsequent purchaser or encumbrancer for value and without notice) though the fact does not appear by the terms of the instrument.
SOURCE: CC § 2925.