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.
Many of those without insurance are forced to take out personal loans or second mortgages to afford infertility treatment that can cost more than $10,000 a cycle. Bailey Schulz, USA TODAY, 1 Nov. 2024 In a sense, a home equity loan is a second mortgage. Kelsey Neubauer, CNBC, 29 Oct. 2024 The minimum down payment ratio for first and second mortgages was reduced by 15%. Brendan Ahern, Forbes, 24 Sep. 2024 Benefits like these remain out of reach for most U.S. workers, millions of whom drain savings, take out second mortgages, or cut back on food and other essentials to stay ahead of health care debt. Noam Levey, NPR, 17 Sep. 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 22 Nov. 2024.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!