English Explanatory Dictionary

submortgage

English dictionary entry

Meanings

noun
  1. A secured loan whereby a mortgagee uses his interest in a mortgage as collateral on a loan with a third party, in effect transferring or assigning the mortgage thereto.

Pronunciation

LL-Q1860 (eng)-Flame, not lame-submortgage.wav

Word forms

submortgage submortgages

Etymology

From sub- + mortgage.

Related words

submortgagee
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