participating mortgage


Definition of participating mortgage

: a mortgage or sometimes a group of mortgages in which two or more persons have fractional equitable interests evidenced by certificates issued by the bank or other fiduciary having legal title to the mortgage and selling the fractional shares to investors or making the investment for the certificate holders

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Cite this Entry

“Participating mortgage.” Dictionary, Merriam-Webster, Accessed 5 Jul. 2020.

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