first mortgage

noun
Updated on: 18 May 2018

Definition of first mortgage

: a mortgage that has priority as a lien over all mortgages and liens except those imposed by law

Recent Examples of first mortgage from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'first mortgage.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of first mortgage

1728

in the meaning defined above

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Law Dictionary

first mortgage

legal Definition of first mortgage

see mortgage

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