second mortgage

noun

1. a mortgage the lien of which is next in priority to a first mortgage.

second mortgage

noun

1. a mortgage incurred after a first mortgage and having second claim against the security

Word History and Origins

Origin of second mortgage¹

First recorded in 1900–05

Example Sentences

Last year, Zeldin and his wife obtained a second mortgage, for $712,500, on a property in Washington, D.C., a short walk from the EPA’s headquarters.

From Salon

Most recently, season 17 contestant Lexi Love said she took out a second mortgage to pay for her outfits for the show.

From Salon

The second mortgage killed them and Lydia left her post as a pianist with the L.A.

From Los Angeles Times

Her father, a machinist originally from Appalachia, gave her $1 for every poem she memorized, put a second mortgage on the family home to pay her college costs and wept at her graduation.

From Los Angeles Times

The jury announced a split verdict Tuesday evening after deliberating most of the day, finding Mosby not guilty on a second mortgage fraud charge, The Baltimore Sun reported.

From Seattle Times