closed-end mortgage
(redirected from Closed End Mortgage)

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Closed-end mortgage

Mortgage against which no additional debt may be issued.

Closed-End Mortgage

1. In banking, a bond secured by a mortgage in which the mortgage may not be paid off before maturity, and the property in question may not be used as collateral on any other transaction without the bondholder's permission.

2. In real estate, a mortgage in which the principal amount may not be increased. Further borrowing is not permitted using the same mortgage as collateral.

closed-end mortgage

A mortgage with a prohibition against additional borrowing using the same lien. The prohibition against additional borrowing protects the existing creditors from having the security diluted. Compare open-end mortgage.

closed-end mortgage

A mortgage loan in which all sums have been funded at closing.Contrast with open-end mortgage, in which the principal balance may increase over time. A home loan is typically a closed-end mortgage;a construction loan is typically an open-end mortgage.

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Ipoteca limitada Mortgage Bond open-end mortgage			A closed end equity loan (usually described as a second mortgage, or simply as a home equity loan) is when a borrower receives a lump sum of money and is not able to borrow any further, Closed end mortgages will generally have fixed interest rates and a defined repayment schedule. Equity Loans in Canada Provide Financing Solutions to Every-Day ... by Crystal Mate / Finance and Investment community AMAC began operations as a finite life, closed end mortgage REIT in March 1993. American Mortgage Acceptance Company Announces $250 Million Loan ... by PR Newswire The Group 2 mortgage pool consists of first lien adjustable-rate closed end mortgages with cut-off date pool balance of $1,884,999,832. Fitch Rates $3,355.2 Million Countrywide ABS 2003-5 by Business Wire			Clearing Member Clearing Member Trade Agreement Clearing-House Statement Clearinghouse Clearstream International CLF Click-Through Rate client Clientele Effect Cliff Effect Clifford Trust Climax Climber Clip Cliquet CLO CLOB Clone Fund Close Close a Position close corporation Close Market Close Period Close-End Credit Closed Corporation Closed End Mortgage Closed Fund Closed Out Closed Year Closed-End Fund Closed-End Indenture Closed-End Investment Company Closed-end management company closed-end mortgage Closed-Market Transaction Closely Held Closely Held Company closely held corporation Closely Held Shares Closet Index Fund Closet Indexing closing closing agent Closing Balance Closing Bell closing company closing costs closing date Closing Price closing protection letter Closing Purchase			Closed ecological systems Closed economy Closed economy Closed economy Closed ecosystem Closed end Closed end Closed End Exchange Traded Bond Fund Closed end fund Closed end fund Closed end fund Closed end funds Closed end funds Closed End Indenture Closed End Indentures Closed End Investment Companies Closed End Investment Companies Closed End Investment Company Closed End Investment Company Closed End Lease Closed End Lease Closed End Lease closed end lease agreement Closed End Leases Closed End Leases Closed End Leases Closed End Leasing Closed End Leasing Closed End Leasing Closed End Liftable Closed End Mortgage Closed End Mortgages Closed end mutual fund Closed end mutual fund Closed End Mutual Funds Closed End Mutual Funds Closed End Non-Liftable Closed end product Closed end product Closed End Second Closed Environmental Life Support System Closed Equilibrated Biological Aquatic System Closed Eye Visuals Closed Field Unbalanced Magnetron Sputter Ion Plating Closed Field Unbalanced Magnetron Sputtering closed file closed fireroom system Closed fist injury closed focus closed fold Closed Form Analysis Closed Form Transmission-Line Stamp closed fracture closed fracture closed fracture closed fracture closed frame Closed fund Closed Funds Closed Game closed gentian

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closed-end mortgage (redirected from Closed End Mortgage)

closed-end mortgage
(redirected from Closed End Mortgage)