English version

second mortgage

From Longman Business Dictionarysecond mortgageˌsecond ˈmortgageFINANCEBANKING an additional mortgage that a borrower takes out on a particular property, as a way to obtain money SYN HOME EQUITY LOAN AmE, REMORTGAGE BrESome small retailers finance their expansion plans by taking out second mortgages on their homes. mortgage
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