closed-end mortgage


Definition
A mortgage for which repayment may not be made prior to maturity, and for which repledging of the same collateral requires the bondholder's permission. also called closed mortgage.

Related Terms

open-end mortgage -

Related Personal Finance Articles

Loading...

closed-end mortgage in the news

Loading...

closed-end mortgage is ...

... part of the Lending & Credit and Real Estate subjects.

Search volume for closed-end mortgage

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z