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second mortgage
sec·ond mort·gage (plural sec·ond mort·gag·es)


noun 
Definition:
 
additional mortgage: an additional mortgage on a property that has been mortgaged once already, secondary to the main loan that is secured on the property
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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