Question

A deed of trust, mortgage, judgment, including an option or contract to sell or a trust agreement, affecting a subdivision or affecting more than one lot offered within a subdivision, except that such term does not include any lien or other encumbrance arising as the result of the imposition of any tax assessment by any public authority, as defined under NRS 119, is known as:________.

Answer 1

Answer: Blanket Encumbrance

Step-by-step explanation:

The blanket encumbrance is the term which is refers to the mortgage and deed of the trust that helps in the security purpose while payment or the transaction of the money.

It is also refers to the trust agreement between the two people for the money and also contract for the selling of products in an organization.

According to the given scenario, the tax assessment imposed by the public authority which is typically defined under the NRS 119 that include the trust agreement, mortgage and the judgement is known as the blanket encumbrance.

Therefore, Blanket encumbrance is the correct answer.