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

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。