Mother Hubbard clause

Mother Hubbard clause
фин. условие [оговорка\] матушки Хаббард*
а) (условие, согласно которому предоставленное в залог имущество используется в качестве обеспечения по всем закладным данного заемщика, выданным данному заимодавцу)
б) (условие, согласно которому в случае неспособности погасить закладную заемщиком, заимодавец может отказать в праве выкупа заложенного имущества не только по данной закладной, но и по всем другим закладным указанного заемщика, выданным указанному заимодавцу)
See:

* * *
условие "Мамы Хаббард"; = blanket lien; см. cross-collateral.

Англо-русский экономический словарь.

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