second mortgage

1. 1.

   a mortgage that is subordinate to a first mortgage

   Broadermortgage

Questions about second mortgage

What does second mortgage mean?

second mortgage means "a mortgage that is subordinate to a first mortgage".

Is second mortgage a common word?

second mortgage is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.