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first mortgage

noun
1.
a mortgage having priority over other mortgages on property.
Origin
1850-1855
1850-55
Related forms
first-mortgage, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for first-mortgage

first mortgage

noun
1.
a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities
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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Word Value for first

8
8
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