Definitions for "OPEN END MORTGAGE"
A mortgage that permits an increase in an outstanding balance in order to advance additional loan funds to the borrower, up to the original sum of the note.
A mortgage that permits the outstanding loan amount to be increased.
mortgage with a provision that allows the mortgagor to borrow additional money in the future without refinancing the loan or paying additional financing charges. Open-end provisions often limit such borrowing to raising the balance to no more than the original loan figure.
Allows for future advances, using the same instrument for security.
Keywords:  market, operation, interest
Open interest Open market operation