Open-End Mortgage
OPEN-END MORTGAGE
A mortgage that allows the borrowing of additional sums, often on the condition that a stated ratio of collateral value to the debt be maintained. A mortgage that provides for future advances on the mortgage and which so increases the amount of the mortgage.
More From encyclopedia.com
Opdyke, Irene Gut 1918-2003 , o·pen / ˈōpən/ • adj. 1. allowing access, passage, or a view through an empty space; not closed or blocked up: it was a warm evening and the window w… National Debt , National Debt
BIBLIOGRAPHY
A national debt is generated when a government runs a budget deficit for consecutive fiscal years; hence its expenditures… Social Sciences and the Law , debt / det/ • n. something that is owed or due: I paid off my debts | a way to reduce Third World debt. ∎ the state of owing money: heavily in debt.… Public Debt , public debt, indebtedness of a central government expressed in money terms, often referred to as national debt. The debt is computed differently by n… Anus , anus •pandanus •badness, madness, sadness •Magnus • aptness •fatness, patness •redness • wetness •anus, Coriolanus, heinous, Janus, Punta Arenas, Sil… Tax deductions , RETIREMENT PLANNING PROGRAMS
For many people, a cornerstone of retirement planning is participation in an employer-sponsored savings program. Ideally…
You Might Also Like
NEARBY TERMS
Open-End Mortgage