equitable mortgage Meaning in Cambridge Business English Dictionary
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Meaning of "equitable mortgage" - Business English Dictionary

equitable mortgage

noun [C]
 
 
PROPERTY, LAW
a mortgage that does not satisfy all the conditions of a legal mortgage, but means the lender must use a court of law to get possession of the property if the loan is not paid back →  Compare legal mortgage
(Definition of equitable mortgage from the Cambridge Business English Dictionary © Cambridge University Press)
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