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.]
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.]