˜yÐÄvlog

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View synonyms for

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
“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
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˜yÐÄvlog History and Origins

Origin of second mortgage1

First recorded in 1900–05
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Example Sentences

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

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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

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

They’re treated as second mortgages, but require no payments of any kind until the home is refinanced, resold or its first mortgage paid off, at which point the state loan must be repaid in full.

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By the time the lawsuit settled, Enstad had already moved forward with top surgery, which his family funded by getting a second mortgage and dipping into his college funds.

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