Home > Terms > English, UK (UE) > Second mortgage
Second mortgage
A loan with a second-priority claim against a property in the event that the borrower defaults. The lender who holds the second mortgage gets paid only after the lender holding the first mortgage is paid.
This is auto-generated content. You can help to improve it.
0
0
Improve it
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: History Category: American history
Ground Zero
On September 11, 2001, two hijacked planes were intentionally flown into the two World Trade centre buildings in Lower Manhattan New York. Ground Zero ...
Contributor
Featured blossaries
afw823
0
Terms
10
Blossaries
2
Followers
Top Ski Areas in the United States
Category: Geography 2 9 Terms
Browers Terms By Category
- News(147)
- Radio & TV broadcasting equipment(126)
- TV equipment(9)
- Set top box(6)
- Radios & accessories(5)
- TV antenna(1)
Broadcasting & receiving(296) Terms
- Prevention & protection(6450)
- Fire fighting(286)
Fire safety(6736) Terms
- Wireless networking(199)
- Modems(93)
- Firewall & VPN(91)
- Networking storage(39)
- Routers(3)
- Network switches(2)
Network hardware(428) Terms
- Hand tools(59)
- Garden tools(45)
- General tools(10)
- Construction tools(2)
- Paint brush(1)
Tools(117) Terms
- Hats & caps(21)
- Scarves(8)
- Gloves & mittens(8)
- Hair accessories(6)