What is Blanket Mortgage? definition and meaning – A mortgage which creates a lien on two or more pieces of property. Blanket mortgages are often used by individuals or companies that have more than one piece of real estate, and that want to take out a mortgage or second mortgage on the combined value of their properties.For example, a real estate developer with several undeveloped lots could mortgage those lots in order to build homes on them.
What does blanket loan mean? – definitions.net – Freebase (0.00 / 0 votes) Rate this definition:. Blanket loan. A blanket loan, or blanket mortgage, is a type of loan used to fund the purchase of more than one piece of real property. blanket loans are popular with builders and developers who buy large tracts of land, then subdivide them to create many individual parcels to be gradually sold one at a time.
A blanket bond is an insurance policy that protects a firm from illegal or unethical behavior carried out by its employees. Despite its name, it is not a "bond" in the sense of a debt security.
What is lien? definition and meaning – BusinessDictionary.com – Creditor’s conditional right of ownership (called security interest) against a debtor’s asset or property that bars its sale or transfer without paying off the creditor.In a contractual arrangement, a lien is the right of a contracting-party to take possession of a specific asset of the other contracting party, in case the contract is not performed according to its terms.
Bond | Definition of Bond by Merriam-Webster – Noun. a daughter’s bond with her mother Recent events have helped to strengthen the bonds between our two countries. My roommate and I share a common bond because we both grew up in the Midwest. She has invested most of her money in stocks and bonds.. Verb. Heat was used to bond the sheets of plastic together. The poster was bonded to the wall with glue.
What is Commercial Broker? definition and meaning – Definition of commercial broker: A real estate broker specializing in the listing and sales of commercial property. Commercial brokers deal.
Blanket Mortgage Definition – BRM Mortgages – Blanket mortgage synonyms, blanket mortgage pronunciation, Blanket mortgage translation, English dictionary definition of Blanket mortgage. Discover the definition of financial words and phrases in this comprehensive financial dictionary. A blanket mortgage is a financial product used to fund the purchase of two or more pieces of property.