Legal Definition and Related Resources of Collateral Mortgage
Meaning of Collateral Mortgage
One under which money is not directly advanced but is given to secure an indebtedness that is pre-existing or contemporaneous or may spring in the future. It is given to secure a mortgage note pledged as collateral security for debt or succession debts. See McLendon v Brewster (La.App.) 286 So.2d 513.
Related Entries of Collateral Mortgage in the Encyclopedia of Law Project
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Collateral Mortgage in Historical Law
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Legal Abbreviations and Acronyms
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