Open-End Mortgage - Open-End Mortgage

Japanese: オープン・エンド・モーゲージ - オープンエンドモーゲージ
Open-End Mortgage - Open-End Mortgage
Open secured bond. A type of secured bond in which bonds of the same priority are issued in installments for the same secured property. The same security interest is given regardless of the difference in the time of issuance. It is convenient for the issuer. There are those with and without a stipulated issuance limit. Only the former is permitted in Japan. →Closed mortgage

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:
開放式担保付社債。担保付社債の一形態で同一担保物件について同一順位の社債を分割して発行するもの。発行時期の差異とは無関係に同一順位の担保権が与えられる。発行者には便利。発行限度を明記したものとしないものがある。日本では前者のみ認められている。→クローズド・モーゲージ

出典 株式会社平凡社百科事典マイペディアについて 情報

<<:  Open cut method - Open cut method (English)

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