Also found in: Financial.
A mortgage in which all debts owed by the mortgagor (such as automotive, credit, business, land, etc.) are used to secure the loan, such that an increasing amount of debt is applied to the borrower upon failure to repay. Be careful not to sign into any kind of anaconda mortgage, or they could take everything you own! You don't want to find out later that you have an anaconda mortgage, do you? So have your lawyer look over all the paperwork first. That anaconda mortgage was Eric's downfall—it's how he ended up losing everything.
See also: mortgage
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