junior mortgage

A mortgage that is subordinate to another mortgage on the same property.

— Also termed puisne mortgage. [Cases: Mortgages 151. C.J.S. Mortgages §§ 210–212, 226.]

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词条贡献者

译者Mathew，国际知名法学院国际仲裁与争端解决专业，擅长翻译各种与美国国内仲裁相关的法律文件。