English
English version

first mortgage

From Longman Business Dictionaryfirst mortgageˌfirst ˈmortgageFINANCE lenders that have the first mortgage on property are the first ones to be repaid if the borrower DEFAULTs (=fails to make repayments on the loan)They hold first mortgages on all his properties. mortgage
Pictures of the day
What are these?
Click on the pictures to check.