Meaning Of The Word Second mortgage

Real Dictionary

What's the definition of Second mortgage? Find Second mortgage meanings, definitions and more at the Real Dictionary online.

Second mortgage Meaning

Second mortgage Definition
Second mortgage Definition

What's The Definition Of Second mortgage?

second mortgage in American English
an additional mortgage placed on property already mortgaged: it ranks below the first mortgage in priority of claim
noun: a mortgage the lien of which is next in priority to a first mortgage

second mortgage in British English
noun: a mortgage incurred after a first mortgage and having second claim against the security

More Definitions

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Definitions Of The Day

  • Mentonniere ‐ noun: a piece of armour protecting the throat…
  • Predevelopment ‐ adjective: of or pertaining to the period prior…
  • Full rhyme ‐ noun; noun: rhyme between words in which the stressed…
  • Cracker Jack ‐ a confection of sweet, glazed popcorn and peanuts…
  • Orarium ‐ noun; noun: a garment worn by a deacon in the…
  • Palmiped ‐ adjective: having webbed feet; noun: a web-footed…
  • Shake the dust off one's feet ‐ to depart angrily or contemptuously; to leave…
  • Paracrostic ‐ noun: a poem in which the initial letters of each…
  • Cross-pollination ‐ the transfer of pollen from the anther of one…
  • Protohuman ‐ of or relating to the humanlike primates that…