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term:
Mortgageable
mortgageable adj
: susceptible or capable of being mortgaged [mineral rights are not in this jurisdiction]
mort·gage·abil·i·ty [mȯr-gi-jə-bi-lə-tē]
n
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.