| 释义 |
consolidated mortgage Consolidated MortgageA mortgage that one takes out in order to pay off two or more mortgages. The mortgages may or may not be for the same piece of property. A mortgage holder may take out a consolidated mortgage to lower monthly payments or for some other reason. See also: Blanket mortgage, Debt consolidation, Consolidated mortgage bond.consolidated mortgage A mortgage made to replace two or more outstanding mortgages. |