mortgage for future advances
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 29 U.S. 291 - John Conard, Marshal of the Eastern District of Pennsylvania, in Error v. Francis H. Nicoll, in Error · 1830Most cited · 27 citing opinions
We know of no principle or decision to warrant this conclusion. Mortgages may as well be given to secure future advances and contingent debts, as those that already exist, and are certain and due. The only question is the bona fides of the transaction.