Definition of Second mortgage

1. Noun. A mortgage that is subordinate to a first mortgage.

Generic synonyms: Mortgage

Lexicographical Neighbors of Second Mortgage

second joints
second language
second languages
second law of motion
second law of thermodynamics
second lieutenant
second lieutenants
second line chemotherapy
second meiotic division
second messenger
second messenger systems
second molar
second moment
second moment of area
second moment of inertia
second mortgage (current term)
second name
second nature
second new ball
second normal form
second of arc
second officer
second opinion
second opinions
second order stream
second period
second person
second power
second quests

Literary usage of Second mortgage

Below you will find example usage of this term as found in modern and/or classical literature:

1. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1912)
"The second mortgage was to take the place of the first, and not a single bond could be issued under it, without canceling a like amount issued under the ..."

2. Security in the Americasedited by Georges Fauriol edited by Georges Fauriol (2008)
"A second mortgage is a junior mortgage which gives the lender a claim against ... Any other junior mortgage(s) would be subordinate to the second mortgage. ..."

3. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1920)
"RECITAL ОГ FACTS Ш They are alsu estopped to deny the recital of material facts made by the company in the second mortgage. 8. RAILROADS <S=>144(2)—SECOND ..."

4. Annual Report by New Jersey Civil Service Commission (1908)
"... for consent to issue a second mortgage for $100000; and under section 55 of the Public Service Commissions Law-, for authority to issue one hundred six ..."

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