FIRST MORTGAGE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A mortgage that has priority over all mortgages and liens except those imposed by law

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("first mortgage" is a kind of...):

mortgage (a conditional conveyance of property as security for the repayment of a loan)

Credits

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