second mortgage
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second mortgage

A mortgage taken out on property that already has one mortgage, with priority in settlement of claims given to the earlier mortgage.

second mortgage

(Economics, Accounting & Finance / Banking & Finance) a mortgage incurred after a first mortgage and having second claim against the security

ThesaurusLegend: Synonyms Related Words Antonyms

Noun

second mortgage - a mortgage that is subordinate to a first mortgage

mortgage - a conditional conveyance of property as security for the repayment of a loan

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second mortgage (redirected from Secondary Finance)

second mortgage
(redirected from Secondary Finance)