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Second mortgage   /sˈɛkənd mˈɔrgədʒ/   Listen
Second mortgage

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





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"Second mortgage" Quotes from Famous Books



... 'most everything, Mr. President. He's borrowed on all his securities up to the hilt. Only yesterday I had to refuse him a second mortgage on his house. He stormed around about how much he'd put into it. I told him it didn't count how much you put into a hole, it was how much you could get out. You can imagine how much that palace of his would bring in this town on a foreclosure ...
— In a Little Town • Rupert Hughes


Words linked to "Second mortgage" :   mortgage


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