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
twit2tom: Beach Blanket Bingo - Cycle Set - http://tinyurl.com/yeludqb
artistjanebush: @sweetnseattle ooh they're so sweet at that age and in little Blanket burritos :)
dculley6: even though it's only 6, it feels like it's 10, oh yeah, still looking for a cozy Blanket for two :)
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