Blanket_loan Blanket_loan

Blanket loan - Definition and Overview
Related Words: Bedding, Blind, Block, Camouflage, Canopy, Cap, Case, Cloak, Clothes, Cloud, Coat

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Also known as a blanket mortgage. A blanket loan is a mortgage lient securing several parcels of property, frequently used by developers who have purchased a single tract of land intending to subdivide into individual parcels. The developer normal requires a "partial release" clause so that individual parcels can be released from the blanket mortgage as they are sold.

Example Usage of Blanket
taetorjadee: Snow requires cuddles! :D time for a Blanket cocoon!
slickwallet: "Cuddler" Blanket for $3 shipped http://dealspl.us/product/cuddler-Blanket #coupons
sureree: Layin n bed under my heated Blanket wondering y the hell am I still awake like I don't have work at 6 am tomorrow
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