equitable mortgage Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “equitable mortgage” in the English Dictionary

"equitable mortgage" in Business English

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equitable mortgagenoun [C]

uk   us   PROPERTY, LAW
a mortgage that does not satisfy all the ​conditions of a legalmortgage, but ​means the ​lender must use a ​court of ​law to get ​possession of the ​property if the ​loan is not ​paid back
(Definition of equitable mortgage from the Cambridge Business English Dictionary © Cambridge University Press)
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