Final answer:
Under the Registry Act, the term 'Mortgagor' is used to denote a 'Borrower', referring to the individual or party that secures a loan with property as collateral.
Step-by-step explanation:
Another term for 'Borrower' under the Registry Act is 'Mortgagor'. This term is used to describe a person or entity that takes out a loan secured by a mortgage on property, effectively pledging the property as security for the loan. The counterpart to the mortgagor is the 'Mortgagee', which is the lending institution or person that provides the loan.
Another term for 'Borrower' under the Registry Act is 'Mortgagor'. A mortgagor is an individual or entity that borrows money to purchase property and grants a mortgage as security for the loan.
They are responsible for repaying the loan and complying with the terms of the mortgage agreement. Under the Registry Act, the term 'Mortgagor' is used to denote a 'Borrower', referring to the individual or party that secures a loan with property as collateral.