anaconda mortgage

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A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.

Etymology:

  • An allusion to being in the clutches of the crushing coils of a large snake, suggesting the crushing burden of such debt.
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Submitted on July 07, 2010

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Nearby phrases

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How to pronounce this phrase?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

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    "anaconda mortgage." Phrases.com. STANDS4 LLC, 2020. Web. 24 Sep. 2020. <https://www.phrases.com/phrase/anaconda-mortgage_10872>.

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