- first mortgage
- first mortgagen.a mortgage having priority over all other liens or encumbrances on the same property, except those, as real estate taxes, given priority by statute
English World dictionary. V. Neufeldt. 2014.
first mortgage
Look at other dictionaries:
first mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
first mortgage — first mortgage, adj. a mortgage having priority over other mortgages on property. [1850 55] * * * … Universalium
First Mortgage — A mortgage in a first lien position on the property that secures the mortgage. A first mortgage has priority over all other liens or claims on a property in the event of default. If the loan to value (LTV) ratio of a first mortgage is greater… … Investment dictionary
first mortgage — A type of mortgage that through a lien gives precedence to the lender of the first mortgage over all other lenders in case of default. Bloomberg Financial Dictionary * * * first mortgage first mortgage ➔ mortgage1 * * * first mort … Financial and business terms
first mortgage — noun a mortgage that has priority over all mortgages and liens except those imposed by law • Hypernyms: ↑mortgage * * * noun : a mortgage that has priority as a lien over all mortgages and liens except those imposed by paramount authority of law… … Useful english dictionary
first mortgage — mortgage taken out for the first time … English contemporary dictionary
first mortgage — A mortgage having priority as a lien over the lien of any other mortgage of the same property. A mortgage having priority over any other lien on the same property … Ballentine's law dictionary
first mortgage — noun Date: 1728 a mortgage that has priority as a lien over all mortgages and liens except those imposed by law … New Collegiate Dictionary
first mortgage — /fɜst ˈmɔgɪdʒ/ (say ferst mawgij) noun a mortgage having priority over all other mortgages on property …
first mortgage debenture — A debenture with the first charge over property owned by a company. Such debentures are most commonly issued by property companies … Accounting dictionary
