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Welsh mortgage

noun

Definitions

  1. A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of…

    A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

    • The possession of the mortgagee is of the very essence of the Welsh mortgage, and every receipt of rent is a receipt, by virtue of the contract[…]

The neighborhood

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No curated loop yet for Welsh mortgage. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA