Mortgage in which the mortgagor is allowed to re-borrow against principal that has been paid so far.
Related information about open-end mortgage:
- Open-End Mortgage Definition | Investopedia
A type of mortgage that allows the borrower to increase the amount of the mortgage at a later time. Open-end mortgages permit the borrower to go back to the ...
- What is open-end mortgage? definition and meaning
Definition of open-end mortgage: Mortgage in which the mortgagor is allowed to re-borrow against principal that has been paid so far.
- Open-end mortgage - Financial Dictionary - The Free Dictionary
encyclopedia ? open-end mortgage. Also found in: Legal, Encyclopedia, 0.01 sec . Open-end mortgage. Mortgage against which additional debts may be issued.
- Open-End Mortgage - Legal Dictionary - The Free Dictionary
A mortgage that allows the borrowing of additional sums, often on the condition that a stated ratio of collateral value to the debt be maintained. A mortgage that ...
- Is That Mortgage Open-Ended?
Dec 27, 2011 ... If so, during the final update, this open-end mortgage would have shown open. Now, let's put the blame where the blame belongs. Person who ...
- Lawriter - ORC - 5301.232 Open-end mortgages.
... loan indebtedness, exclusive of interest thereon, which may be outstanding at any time, and contains at the beginning thereof the words “Open-end mortgage.
- open-end mortgage Definition | Business Dictionaries from ...
The open-end mortgage is a more practical and acceptable (to the mortgage holder) version of the open mortgage, which allows a corporation to issue unlimited ...
- Open-end mortgage - Merriam-Webster Online
a mortgage under which additional funds may be borrowed without making a new mortgage —contrasted with closed mortgage. This word doesn't usually ...