second mortgage
DefinitionA mortgage on real estate which has already been pledged as collateral for an earlier mortgage. The second mortgage carries rights which are subordinate to those of the first.
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second mortgage is ...
... part of the Lending & Credit and Real Estate subjects.
... part of the Lending & Credit and Real Estate subjects.
Related Terms
blanket mortgage
second mortgage appears in the definitions of these other terms on BusinessDictionary.com
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