Definition of bobble. 1  1 : a repeated bobbing movement. 2  2 : a small ball of fabric; especially : one in a series used on an edging. 3  3 : error, mistake; especially : a mishandling of the ball in baseball or football.
Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance, mechanic's lien or otherwise, securing or evidencing the payment of money and affecting more than one unit in a condominium, or an agreement affecting more than one such unit by which the developer holds such condominium under an option, contract to sell or trust ...
Blanket Mortgage A mortgage creating a lien against two or more tracts of real property. For example, if you owned three properties and instead of borrowing separately against each one, you could use a blanket mortgage to create a second mortgage on all three properties. Developers use blanket mortgages to develop large tracts of land into many residential or commercial properties. A single blanket mortgage can be used to finance all of the properties without taking out separate mortgages on each individual property.