Meanings
An allusion to being trapped in crushing coils of a large constrictor snake, such as anaconda, suggesting the crushing burden of such debt.
How to pronounce "anaconda mortgage":
AU
A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.
Example Sentences
1
They were trapped in an anaconda mortgage after taking out a large loan with a high interest rate.
2
The family struggled to make their monthly payments on the anaconda mortgage.
3
He regretted getting into an anaconda mortgage as it consumed a significant portion of his income.
4
She felt trapped in an anaconda mortgage and wished she had opted for a more affordable loan.
5
The anaconda mortgage squeezed their finances, leaving them with little money for other expenses.
