first mortgage Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “first mortgage” in the English Dictionary

"first mortgage" in Business English

See all translations

first mortgagenoun [C]

uk   us  
PROPERTY, FINANCE if a ​person or ​financialorganization has a first ​mortgage on a ​property, they have the ​right to be ​paid first if its ​ownerfails to ​pay back ​money they have ​borrowed to ​buy the ​property: If he ​loses his ​house, ​proceeds from its ​sale would go toward ​paying off the first ​mortgage.
(Definition of first mortgage from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of first mortgage?
Add Cambridge dictionaries to your browser to your website
Just who is driving this thing?
Just who is driving this thing?
by ,
May 03, 2016
by Colin McIntosh Do you remember Herbie the Love Bug? Herbie was a 1963 Volkswagen Beetle car in a string of Walt Disney movies. In typical Disney anthropomorphic style, Herbie goes his own way, falls in love, cries, plays jokes, and generally has a mind of his own. While the new driverless cars, like those being

Read More 

Word of the Day

star

a very large ball of burning gas in space that is usually seen from the earth as a point of light in the sky at night

Word of the Day

trigger warning noun
trigger warning noun
May 02, 2016
a warning that a subject may trigger unpleasant emotions or memories This is not, I should stress, an argument that trigger warnings should become commonplace on campus.

Read More