a mortgage the lien of which is next in priority to a first mortgage.
How Hip Is Your Lingo? Take Our Slang Quiz!
If you aren’t already skilled in slang, then this quiz can get you up to speed in no time!
Question 1 of 11
OK Boomer can be perceived as pejorative, but it is mostly considered to be _____
Origin of second mortgage
First recorded in 1900–05
Words nearby second mortgage
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for second mortgage
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