Definition:
a lien on a house or piece of land given by a borrower as security on a loan. If the borrower is unable to pay back the loan, the lender may take the house or land instead.
Type of Speech:
Welcome to the newly created website dedicated to ANCHOR! A North Carolina History Online Resource has all the same great articles just a new web home.
If you can't find a resource here you can always visit NCpedia.
ANCHOR search will be unavailable for 15-20 minutes beginning at 5:00 this Friday, March 13. We apologize for the inconvenience.
a lien on a house or piece of land given by a borrower as security on a loan. If the borrower is unable to pay back the loan, the lender may take the house or land instead.