closed mortgage


closed mortgage
noun
: a mortgage under which no or virtually no additional bonds can be sold under the indenture — contrasted with open-end mortgage

Useful english dictionary. 2012.

Look at other dictionaries:

  • closed mortgage — Fin see closed end mortgage …   The ultimate business dictionary

  • Closed-End Mortgage — A restrictive type of mortgage that cannot be prepaid, renegotiated or refinanced without paying breakage costs to the lender. This type of mortgage makes sense for homebuyers who are not planning to move anytime soon and will accept a longer… …   Investment dictionary

  • mortgage — Synonyms and related words: adjustment mortgage, antichresis, blanket mortgage, bond, bottomry, bottomry bond, chattel mortgage, closed mortgage, dead pledge, deed of trust, deposit, dip, first mortgage, go bail, handsel, hock, hypothec,… …   Moby Thesaurus

  • closed-end mortgage — Fin a mortgage in which no prepayment is allowed. See also open end mortgage. [m1]Also known as closed mortgage …   The ultimate business dictionary

  • Mortgage calculator — Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. Mortgage calculators can also be used to compare the costs, interest rates, payment schedules,… …   Wikipedia

  • Mortgage fraud — is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States… …   Wikipedia

  • Closed-end mortgage — Mortgage against which no additional debt may be issued. The New York Times Financial Glossary …   Financial and business terms

  • closed-end mortgage — mortgage against which no additional debt may be issued. Bloomberg Financial Dictionary …   Financial and business terms

  • 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

  • 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


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