second mortgage

noun

: a mortgage the lien of which is subordinate to that of a first mortgage

Examples of second mortgage in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The house itself was valued at $1.1 million and the Department of Housing Preservation covered the rest of the purchase price in the form of a second mortgage. Celia Fernandez, CNBC, 29 Dec. 2024 What’s the difference between refinancing and a second mortgage? Kelsey Neubauer, CNBC, 23 Dec. 2024 But here, greens fees won’t cost an arm and a leg or second mortgage on a home to play. J'nai Gaither, Forbes, 25 Nov. 2024 Set up through a second mortgage on Stillitano’s home, the company filed for bankruptcy in 2005, owing more than $2m, largely to the U.S. Soccer Federation, which took large sanctioning fees for every match fielded in the country. Adam Crafton, The Athletic, 31 July 2024 See all Example Sentences for second mortgage 

Word History

First Known Use

1912, in the meaning defined above

Time Traveler
The first known use of second mortgage was in 1912

Dictionary Entries Near second mortgage

Cite this Entry

“Second mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/second%20mortgage. Accessed 9 Jan. 2025.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
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