further advance

further advance.

1. A second or later loan to a mortgagor by a mortgagee, either on the same security as the original loan or on an additional security. [Cases: Mortgages 16, 116. C.J.S. Mortgages §§ 154–156.]

2. Equity practice. The agreed conversion of arrears of interest on a mortgage security into principal.


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译者David,毕业于亚洲顶尖的高级翻译学院,擅长翻译各种与复杂商业诉讼相关的法律文件。
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