general mortgage

Definition of "general mortgage"
  1. A type of mortgage in Louisiana civil law that affects all current and future assets
How to use "general mortgage" in a sentence
  1. The couple took out a general mortgage to cover all of their current and future properties.
  2. The bank suggested considering a general mortgage due to the predicted increases in property ownership.
  3. The business owners were hesitant about the idea of a general mortgage, as it would apply to all of their properties, both existing and later acquired.

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