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.
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closed-end mortgage
closed-end mortgage
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)
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