Open-end Mortgage Definition & Meaning

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  • American
    • open-end mortgage American

    noun

    1. a mortgage agreement against which new sums of money may be borrowed under certain conditions.

    Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

    Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.

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