- Blanket mortgage
A blanket mortgage is a single
mortgage that covers more than one parcel ofreal estate .
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Blanket mortgage
Look at other dictionaries:
Blanket mortgage — or Blanket policy Blanket policy . One that covers a group or class of things or properties instead of one or more things mentioned individually, as where a mortgage secures various debts as a group, or subjects a group or class of different… … The Collaborative International Dictionary of English
blanket mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Blanket Mortgage — A mortgage which covers two or more pieces of real estate. The real estate is held as collateral on the mortgage, but the individual pieces of the real estate may be sold without retiring the entire mortgage. This is an alternative to a developer … Investment dictionary
blanket mortgage — A mortgage that covers at least two pieces of real estate as collateral for the same mortgage. Bloomberg Financial Dictionary … Financial and business terms
blanket mortgage — noun : a mortgage that covers a group or class of things or properties instead of one or more things mentioned individually (as a mortgage that secures various debts as a group or subjects a group or class of different pieces of property to one… … Useful english dictionary
mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… … Law dictionary
Blanket policy — Blanket mortgage Blanket mortgage or Blanket policy Blanket policy . One that covers a group or class of things or properties instead of one or more things mentioned individually, as where a mortgage secures various debts as a group, or subjects… … The Collaborative International Dictionary of English
Blanket clause — Blan ket clause (Law) A clause, as in a blanket mortgage or policy, that includes a group or class of things, rather than a number mentioned individually and having the burden, loss, or the like, apportioned among them. [Webster 1913 Suppl.] … The Collaborative International Dictionary of English
Blanket loan — A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property. Blanket loans are popular with builders and developers who buy large tracts of land, then subdivide them to create many… … Wikipedia
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
