anaconda mortgage

English dictionary entry

Meanings

noun

A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.

en-au-anaconda mortgage.ogg

anaconda mortgage anaconda mortgages

An allusion to being trapped in the crushing coils of a large constrictor snake, such as an anaconda, suggesting the crushing burden of such debt.

dragnet mortgage

Mother Hubbard clause

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