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First mortgage   /fərst mˈɔrgədʒ/   Listen
First mortgage

noun
1.
A mortgage that has priority over all mortgages and liens except those imposed by law.





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"First mortgage" Quotes from Famous Books



... loss of the bonds represented something considerably less than a year's expenditure. He is mixed up in all sorts of enterprises—rubber, tea, picture palaces, breweries and automobile finance. He lent fifty thousand pounds on five per cent. first mortgage bonds to one firm at Coventry, and half that amount to a rival show in West London. So he has the stuff, and plenty of ...
— The Strange Case of Mortimer Fenley • Louis Tracy


Words linked to "First mortgage" :   mortgage


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