leasehold mortgage

leasehold mortgage definition - business

leasehold mortgage

A loan by a tenant to obtain or help finance a leasehold interest in a property. For example, an individual might obtain a leasehold mortgage to finance the construction of a building on leased land.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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