building loan mortgage

building loan mortgage
A mortgage on premises under improvement or to be improved, covering advances made or to be made to or on behalf of the borrower for payment of contractor or materialmen rendering services or furnishing materials in the construction of a building or other structure for the borrower.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • building loan agreement — An agreement for a loan to be used in making payments to a contractor engaged in the construction of a building or other structure for the borrower, or to materialmen who furnish supplies for the construction of a building or other structure for… …   Ballentine's law dictionary

  • Home Building & Loan Association v. Blaisdell — NOTOC Infobox SCOTUS case Litigants=Home Bldg. Loan Ass n v. Blaisdell ArgueDateA=November 8 ArgueDateB=9 ArgueYear=1933 DecideDate=January 8 DecideYear=1934 FullName=Home Building Loan Association v. Blaisdell, et ux. USVol=290 USPage=398… …   Wikipedia

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  • mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …   Black's law dictionary

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