closed end mortgageglossary / closed-end mortgage A mortgage that does not permit either prepayment or additional borrowing against the collateral. Cf. open-end mortgage. — Also termed closed mortgage. 词条贡献者 译员黎川,在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译,专注翻译各种与澳大利亚业务有关的法律文件。
closed-end mortgage closed-end mortgage, 封闭型抵押, 闭锁抵押, 限额抵押 closed-end mortgage 封闭型抵押;闭锁抵押;限额抵押 抵押期间内,不得以同一抵押附属担保品再次抵押,也不得提前兑付。 (→open-end mortgage)