Advertisement
Advertisement
first mortgage
noun
- a mortgage having priority over other mortgages on property.
first mortgage
noun
- a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities
Discover More
Other Words From
- first-mortgage adjective
Discover More
Word History and Origins
Origin of first mortgage1
First recorded in 1850–55
Discover More
Example Sentences
The bid at the sale covered the first-mortgage lien and the entire mortgage claim of the Government, principal and interest.
From Project Gutenberg
"Or a consolidated first-mortgage bond," remarked the Bibliomaniac.
From Project Gutenberg
Advertisement
Advertisement
Advertisement
Advertisement
Browse