first mortgage Definition

first mortgage

Definition

The mortgage that has first claim in the event of a default.

This content can be found on the following page:

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

email
print
cite
link
translate
share

first mortgage is ...
... part of the Lending & Credit and Real Estate subjects.

Related Terms

second lien debt - More

first mortgage appears in the definitions of these other terms on BusinessDictionary.com

secondary financing, piggyback loan, senior mortgage, second mortgage