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 ?
The bulk sale of non-performing mortgages and notes that encumber three walkup apartment buildings in The Bronx.
Also, since the liabilities that encumber the transferred properties exceed their basis, a taxable gain of $3.