A clause in a mortgage loan that allows the borrower to increase the amount borrowed within the term of the loan.
A mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions, usually as the assets of the mortgage.
A loan which is specifically drafted to allow the borrower to borrow further funds at a later date without requiring the preparation and registration of new mortgage documentation.
A Mortgage (or Deed of Trust) which secures additional advances made by a Lender in addition to the original principal amount of the loan.
Allowing a mortgagor to obtain more money under the same mortgage. There may be some conditions and stipulations to follow however.