blanket

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Blanket

blanket

A single mortgage instrument covering two or more properties.It is most often encountered in property intended for development,with partial lien releases given as lots are sold and part of the sale proceeds used to pay down the loan. Contrast with cross-collateralization, in which two or more properties, each with their own mortgages, include the other properties as additional collateral.

References in periodicals archive ?
As for the company's Goodwin Weavers division, Bernstein said the kinks have been worked out of its new inventory management systems, and he "hopes it grows." The launch of a line of Harry Potter pillows and decorative throws should give the division a boost.
The "whimsical, colorful" assortment includes tabletop, decorative throws, pillows, picture frames, clocks, candles and trays.
Kids for furniture, Fetco for photo frames, Crown Crafts for decorative throws and pillows, and Franco for bath towels and bedding.
Kids for furniture, Fetco for frames, Enesco for tabletop giftware, Crown Crafts for decorative throws and pillows, and Franco for bath towels and bedding.
The ensembles include comforters, duvet covers, sheets, pillowcases, blankets, shams, bedskirts and decorative throws and pillows.
Accent pieces such as decorative throws in silk chiffon, charmeuse and velvet and wool, silk and cotton blended draperies and decorative pillows were also on display.