Blanket Mortgage

Business, Legal & Accounting Glossary

Definition: Blanket Mortgage

Blanket Mortgage

Quick Summary of Blanket Mortgage

A mortgage or trust deed that covers more than one lot or parcel of real property, and often an entire subdivision. As individual lots are sold, a partial re-conveyance or release from the blanket mortgage is usually obtained.

Examples of Blanket Mortgage in a sentence

The developer was able to get a low APR on his blanket mortgage, which was fortunate as it took him several years to sell all of the parcels in the complex.
Although the blanket mortgage for all of the properties uses a 30-year amortization schedule, the individual property owners will be able to negotiate their own contract rates.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Blanket Mortgage. Payroll & Accounting Heaven Ltd.
January 26, 2022
Chicago Manual of Style (CMS):
Blanket Mortgage. Payroll & Accounting Heaven Ltd. (accessed: January 26, 2022).
American Psychological Association (APA):
Blanket Mortgage. Retrieved January 26, 2022
, from website:

Definition Sources

Definitions for Blanket Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February, 2020 | 6 Views.