Owned by one party but subject to another party's valid claim. A homeowner owns his mortgaged property, for example, but the bank has a security interest in it as long as the mortgage loan is outstanding.
Encumbered
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 | Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- littery
- encumbered route (in marketing)
- Unencumbered Balance (in accounting)
- Cloud on Title (in banking)
- Encumber
- Allotment (in accounting)
- Co-Mortgagor (business term)
- Free and Clear (business term)
- Subject to Mortgage (business term)
- Clear (business term)
- Encumbrance (business term)
- Due-On-Sale Clause (finance term)
- Cram Down
- croft
