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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"anaconda mortgage." Phrases.com. STANDS4 LLC, 2024. Web. 22 Dec. 2024. <https://www.phrases.com/phrase/anaconda-mortgage_10872>.
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