submortgage
A secured loan whereby a mortgagee uses his interest in a mortgage as collateral on a…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.
Meaning
1 senses(countable, uncountable)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.
Origin
From sub- + mortgage.From sub- + mortgage.
Wiktionary, CC BY-SA 4.0 · source
Forms
plural: submortgages| Singular | submortgage |
|---|---|
| Plural | submortgages |
regular
Word family
1 related wordsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable
See also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.