General mortgage(redirected from General Mortgages)
A type of obligation that covers all a borrower's mortgageable properties, not just one specific property.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A mortgage secured by all properties the borrower owns that are not specifically excluded. For example, a real estate owner may have a general mortgage to cover all of his/her properties.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved