Definition of closed mortgage
:a mortgage under which no or virtually no additional bonds can be sold under the indenture
—contrasted with open-end mortgage
What's Trending Now
More Trending Words
closed mortgage
noun
Read the Latest from M-W
There's more!
Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up closed mortgage? Please tell us where you read or heard it (including the quote, if possible).
