Open-end mortgage

Open-end Mortgage
A mortgage that permits the mortgagor to continue borrowing from it, in amounts up to the original sum.
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Open-end mortgage
Mortgage against which additional debts may be issued.
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Open-End Mortgage. A mortgage where the amount that can be borrowed with the property as security can be increased, i.e., there is no fixed amount of principal.

open-end mortgage
Real estate finance: mortgage that allows the issuance of additional bonds having equal status with the original issue, ...

Open-End Mortgage
A type of mortgage that allows the borrower to increase the amount of the mortgage at a later time. Open-end mortgages permit the borrower to go back to the lender and borrow more money if certain conditions have been met.

See also open-end mortgage.
Also called closed mortgage
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open-end mortgage A type of mortgage in which the mortgagor is allowed to re-borrow against principal, once that has been paid in full. opening See open. opening bell The beginning of a trading session on an exchange.

See also Open-End Lease; Open-End Management Company; Open-End Mortgage; Open Interest; Open Order; Open Repo.
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Open Mortgage: A mortgage that can be paid-off, refinanced, or renewed at any time, without any penalty. Also known as a open-end mortgage.

A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.
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See also: Prepayment, Prepayments, Mortgage pipeline, Expense, Government securities