General mortgage - Definition

A Mortgage which covers not a specific property, but all the mortgageable properties of the borrower. With a mortgage of this kind, the debt is secured with the use of multiple assets. Also known as a blanket mortgage, the Range of assets will vary, depending on the regulations that apply in the country where the mortgage is written.

Terms near "General mortgage"

General mortgage bond
General partner
General partnership
General plan
General reserve
General Securities Representative Examination
General Services Administration
General undertaking
General warranty deed
Generalized System of Preferences
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