A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

(chiefly southern US, idiomatic, dated, law, finance) A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.

Synonym of anaconda mortgage

A form of mortgage in which the seller of a property extends to the buyer a junior mortgage which exists in addition to any superior mortgages already secured on the property. The seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase-money balance.

(finance) Having mortgages as collateral.

plural of mortgage lender

Any financial institution that obtains its profit by lending mortgages for the purchase of property / (Britain) Any former mutual building society that is now a bank

(Australia) The residential suburbs that have a high concentration of families mortgaging their homes.

(finance) an asset-backed security whose cash flows are backed by the principal and interest payments of a set of mortgage loans.

Synonym of endowment mortgage.