Meaning Of The Word First mortgage
What's the definition of First mortgage? Find First mortgage meanings, definitions and more at the Real Dictionary online.
First mortgage Meaning
| First mortgage Definition |
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What's The Definition Of First mortgage?
first mortgage in American English
a mortgage having priority over all other liens or encumbrances on the same property, except those, as real estate taxes, given priority by statute noun: a mortgage having priority over other mortgages on property first mortgage in British English noun: a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities |
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