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anaconda mortgage

(chiefly, southern, _, US, idiomatic, dated, legal, finance) 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 proper

ˌænəˈkɑndə ˈmɔɹɡəd͡ʒ171 viewsLast reviewed Jun 29, 2026+ Add a definition
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#1·Apr 27, 2026

(chiefly, southern, _, US, idiomatic, dated, legal, finance) 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 an anaconda, suggesting the crushing burden of such debt. Origin information sourced from Wiktionary contributors (CC BY-SA 4.0).
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