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first mortgage

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noun
a mortgage having priority over other mortgages on property.
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Origin of first mortgage

First recorded in 1850–55

OTHER WORDS FROM first mortgage

first-mortgage, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use first mortgage in a sentence

British Dictionary definitions for first mortgage

first mortgage

noun
a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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