blanket mortgage

Blanket mortgage

Blanket mortgage\ or policy \policy\ . One that covers a group or class of things or properties instead of one or more things mentioned individually, as where a mortgage secures various debts as a group, or subjects a group or class of different pieces of property to one general lien.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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