TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

land mortgage [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 2015-09-17

English

Subject field(s)
  • PAJLO
  • Law of Security
CONT

A land mortgage is a type of mortgage loan which is used to purchase land or a lot, in contrast with a structure which has been built on a piece of land. Buyers of raw land usually purchase land with the intent of developing it or establishing a structure. Land mortgages are different from mortgages for structures because, from the point of view of a bank, land is a less secure investment. If someone defaults on a land mortgage, the bank will be left with an empty lot which could be difficult to resell.

OBS

Exceptionally, in the law of mortgages, leasehold interests are treated as realty.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

hypothèque immobilière : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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