second mortgage

noun
a mortgage the lien of which is next in priority to a first mortgage.

Origin:
1900–05

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
second mortgage
 
n
a mortgage incurred after a first mortgage and having second claim against the security

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
He used his student credit card to buy a house, on which he took out a second
  mortgage.
What follows is, fortunately, a lot more entertaining than an application for a
  second mortgage.
Lines of credit vs traditional second mortgage loans.
At the closing, the respondent knew the bank was unaware of the second mortgage.
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