first mortgage


noun
  1. a mortgage having priority over other mortgages on property.

Origin of first mortgage

1
First recorded in 1850–55

Other words from first mortgage

  • first-mortgage, adjective

Words Nearby first mortgage

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How to use first mortgage in a sentence

British Dictionary definitions for first mortgage

first mortgage

noun
  1. a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities

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