mortgage β the rights conferred by it, or the state of the property conveyed.
obligation β something by which a person is bound or obliged to do certain things, and which arises out of a sense of duty or results from custom, law, etc.
responsibility β the state or fact of being responsible, answerable, or accountable for something within one's power, control, or management.
account β If you have an account with a bank or a similar organization, you have an arrangement to leave your money there and take some out when you need it.
baggage β Your baggage consists of the bags that you take with you when you travel.
balance β If you balance something somewhere, or if it balances there, it remains steady and does not fall.
bite β If you bite something, you use your teeth to cut into it, for example in order to eat it or break it. If an animal or person bites you, they use their teeth to hurt or injure you.
chance β If there is a chance of something happening, it is possible that it will happen.
chit β A chit is a short official note, such as a receipt, an order, or a memo, usually signed by someone in authority.
contingency β A contingency is something that might happen in the future.
contract β A contract is a legal agreement, usually between two companies or between an employer and employee, which involves doing work for a stated sum of money.
debit β When your bank debits your account, money is taken from it and paid to someone else.
disadvantage β absence or deprivation of advantage or equality.
handicap β a race or other contest in which certain disadvantages or advantages of weight, distance, time, etc., are placed upon competitors to equalize their chances of winning.
hindrance β an impeding, stopping, preventing, or the like.
arrear β in arrears, behind or late, especially in payment: She was three months in arrears on her mortgage and credit card payments. Also, Chiefly Law, in arrear.