encumber


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encumber

To place a burden or a charge upon property.Commonly used to mean placing a mortgage, but may include other liens, easements, covenants, and restrictions. The burden is called an encumbrance.

References in periodicals archive ?
Section 357(c) does not, however, adequately address situations where a single liability encumbers more than one property or where more than one corporation receives property encumbered by the same debt.
The sale of a blanket non-performing mortgage and note that encumbers three walk-up apartment buildings located in the Greenpoint section of Brooklyn.
With certain exceptions, each co-owner must have the right to transfer, partition and encumber its undivided property interest, without the agreement or approval of any person.
Altus Investors Management Partnership has agreed not to transfer or encumber its limited partnership units held in the capital of Altus Group Limited Partnership if, following such transfer, it would own less than 20 percent of the issued and outstanding units of the Fund on closing (on a fully-diluted basis), subject to prescribed exceptions.
Carl Volte, Wellpoint's director of health care policy and analysis, said the company is not opposed to the recommendations themselves, but would oppose legislation that could come out of it that would encumber the managed-care industry or significantly increase health care costs.