third mortgage

noun

Definition of third mortgage

: a mortgage given or recorded after two others have been previously given on the same property with a lien subordinate to the first two given or recorded

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Cite this Entry

“Third mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/third%20mortgage. Accessed 2 Dec. 2021.

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