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blanket mortgage


from the GNU version of the Collaborative International Dictionary of English

  • 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 pieces of property to one general lien.

from The Century Dictionary and Cyclopedia

  • n. A mortgage intended to cover an aggregation of property, or secure or provide for indebtedness previously existing in various forms.


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