Business, Legal & Accounting Glossary
A form of Mortgage where the mortgagee acquires a long Sublease over the Leasehold estate that is mortgaged. The sublease gives the mortgagee a right of possession, which allows him to enforce his rights over the estate in the event of default by the Mortgagor.
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This glossary post was last updated: 6th April, 2020 | 0 Views.