Topical Terminology > General Mortgage
General Mortgage
For General Mortgage we have terms and definitions in 3 topics. The topics are Finance, Frauds and Scams and Investing.
General Mortgage (Finance) 
A type of obligation that covers all a borrower's mortgageable properties, not just one specific property.
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General Mortgage (Frauds and Scams)
A mortgage that covers all (blanket) the eligible properties of a borrower and not one particular property. If a liquidation should occur, a blanket mortgage may have a lower priority claim than a mortgage on specific properties.
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General Mortgage (Investing)
A mortgage that covers all (blanket) the eligible properties of a borrower and not one particular property. If a liquidation should occur, a blanket mortgage may have a lower priority claim than a mortgage on specific properties.
See Also: General Mortgage Bond; Liquidation
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