www.debt-glossary.co.uk


Home
Terms



Compare
Finance


Equitable Mortgage

The definition for Equitable Mortgage:

(1) A lien against real property (mortgage)which is enforceable in a court of equity, but does not legally constitute a mortgage. (2) A deed given as security for a debt will be held to be a mortgage rather than a transfer of title. Also called a constructive mortgage.




Similar Matches

Equitable Conversion

Equitable Conversion
A legal fiction applied to a land contract which treats the vendee's (buyer's) interest as a real property interest even though the seller holds legal title, and the seller's interest as a security interest (personal property). This enables the buyer to act as the "owner" of the property without having "legal" title.




Click to compare definitions of Equitable Mortgage
Click to view definitions beginning eq
  www.debt-glossary.co.uk is a finance, business, investment and stock market resource of common debt words. Stamp Duty Calculator - Income Tax Calculator