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 ?
designs and manufactures decorative pillows, decorative throws, bedroom ensembles and other home accessory products.
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.
designs and manufactures decorative pillows, bedroom ensembles, decorative throws, table linens and other home accessory products.
Kids for furniture, Fetco for frames, Enesco for tabletop giftware, Crown Crafts for decorative throws and pillows, and Franco for bath towels and bedding.