Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
Dower means a part of or the full interest in the real estate assets or property of the deceased husband/spouse that is given legally to the surviving partner during his/her lifetime.
Dower has always represented the legal rights of a wife to real estate or property upon the passing away of her husband. This usually meant getting access to 1/3rd or 50% of the property of the husband in most cases. Whenever a married husband wishes to transfer any mortgage or owned property to any other buyer, then the spouse will have to sign away the dower rights as a result. These rights are the interest of the spouse in the property that is owned by the other spouse. This is usually relevant whenever there is any will of a deceased individual. Some lenders may also desire the release of these rights by the spouse for sanctioning the mortgage/loan for purchasing a property.
