future advances mortgage

A mortgage in which part of the loan proceeds will not be paid until a future date. [Cases: Mortgages 16, 116. C.J.S. Mortgages §§ 154–156.]

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词条贡献者

双语律师Jenna，国际知名法学院环境法专业，擅长翻译各类与环境、社会及管治 (ESG)相关的法律文件。