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

  • Play merry hell with something ‐ to have a bad effect on something or to cause…
  • Lotto ‐ a game resembling bingo; noun: a children's game…
  • Exarate ‐ adjective: (of the pupa of such insects as ants…
  • Sermon on the Mount ‐ the sermon delivered by Jesus to his disciples:…
  • Tibouchina ‐ noun: a member of the genus Tibouchina, which…
  • Rocket scientist ‐ a scientist specializing in rocketry; countable…
  • Flying bridge ‐ a small, often open structure over the main bridge…
  • Longyearbyen ‐ noun: a village on Spitsbergen island, administrative…
  • Empassioned ‐ adjective; adjective:…
  • Sympathy ‐ sameness of feeling; affinity between persons…