A mortgage that is subordinate to a first mortgage.

Roget 787: lending etc. v.; loan, advance, accommodation, feneration^†; mortgage, second mortgage, home loan etc. (security) 771; investment; note, bond, commercial paper.    mont de piete [Fr.], pawnshop, my uncle's.    lender, pawnbroker, money lender; usurer, loan shark.    loaner (of item loaned). ... show more