Blanket mortgage

created by Webster 1913
(definition) by Webster 1913 (print) Fri Oct 21 2005 at 4:10:25

Blanket mortgage or 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 pieces of property to one general lien.

 

© Webster 1913.

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