second mortgage


noun

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

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Origin of second mortgage

First recorded in 1900–05
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for second mortgage

second mortgage

noun

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