Sentence:  The borrower, they feel, should be free to put the proceeds of sale or collection into new goods, provided they, and accounts representing the sale of them, shall in turn be subject to the lien that secures the loan. That is a <WSD>freehanded</WSD> mortgage, and with respect to it various views are entertained. 
Meaning of the word marked with <WSD> tags:  Transferable to other assets.