anaconda mortgage
A loan arrangement in which all of the money borrowed from a lender, for whatever…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.
Meaning
1 senses(Southern, US, dated, idiomatic)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.
Origin
An allusion to being trapped in the crushing coils of a large constrictor snake, such as aAn allusion to being trapped in the crushing coils of a large constrictor snake, such as an anaconda, suggesting the crushing burden of such debt.
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Forms
plural: anaconda mortgages| Singular | anaconda mortgage |
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| Plural | anaconda mortgages |
regular
Synonyms
1 synonymsSee also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.