second mortgage

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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. 2013.
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Link To second mortgage

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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Relevant Questions

How Do Second Mortgages ...

00:10

Second mortgage is always a great word to know.

So is quincunx. Does it mean:

an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.

a chattering or flighty, light-headed person.

LEARN MORE UNUSUAL WORDS WITH WORD DYNAMO...

Example sentences

To calculate the equity, estimate the market value less the balance of your

first and any second mortgage or home equity loan.

At the closing, the respondent knew the bank was unaware of the second mortgage.

He used his student credit card to buy a house, on which he took out a second

mortgage.

The buyer executes a second mortgage to seller or third party for an amount

over and above that of the first mortgage.

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