mortgage
Noun
-
is a type of: security interest - any interest in a property that secures the payment of an obligationsubtypes:
- first mortgage - a mortgage that has priority over all mortgages and liens except those imposed by law
- second mortgage - a mortgage that is subordinate to a first mortgage
- chattel mortgage - a loan to buy some personal item; the item (or chattel) is security for the loan
Verb
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