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second mortgage

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0.35 sec.

second mortgage

n.

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

ThesaurusLegend: Synonyms Related Words Antonyms

Noun

1.

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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