open-end mortgage

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0.04 sec.

Open-end mortgage

Mortgage against which additional debts may be issued. Related: Closed-end mortgage.

open-end mortgage

A mortgage that permits the issuer to sell additional bonds under the same lien. If the amount of additional bonds is restricted, the mortgage is referred to as a limited open-end mortgage. Compare closed-end mortgage.

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closed-end mortgage
mortgage bond

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