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closed mortgage

noun
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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

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Dictionary Entries Near closed mortgage

closed-minded

closed mortgage

closedown

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Cite this Entry

“Closed mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/closed%20mortgage. Accessed 23 May. 2022.

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