Mortgage in which no additional money can be advanced.
A mortgage that may not be borrowed against. Used only to finance the purchase of the real estate for which it was originally intended.
Mortgage against which no additional debt may be issued.
A mortgage where the debt cannot be increased.
A mortgage where the principal is fixed and cannot be increased during the life of the loan.
Mortgage that prohibits repayment before maturity.
A mortgage principal amount that is fixed and cannot be increased during the life of the loan. See also: open-end mortgage.
A fixed-amount mortgage in which the debt cannot be increased. It is the opposite of an open-end mortgage.
A mortgage with a set principal amount which cannot be increased or extended during the life of the mortgage.
Mortgage in which the collateralized property cannot be used as security for another loan.