second mortgage

noun

: a mortgage the lien of which is subordinate to that of a first mortgage

Examples of second mortgage in a Sentence

Recent Examples on the Web
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Some programs offer grants, which don’t need to be repaid, but most offer help in the form of a low- or no-interest second mortgage, meaning there is additional debt on the home. Ann Carrns, New York Times, 17 Jan. 2025 Her sister-in-law Stephanie O’Sullivan, 43, a clinical mental health practitioner and mother of two whose youngest child is 8, is grateful to have those early days of child care behind her, after paying for preschool costs that equaled a second mortgage for her family. Rebekah Riess, CNN Money, 14 May 2025 The cost of child care now rivals a second mortgage. Sarah Leonardi, The Orlando Sentinel, 11 May 2025 Lee drives a Subaru, but took out a second mortgage to afford her IVF treatments. Toubee Yang, Them., 18 Apr. 2025 See All Example Sentences for second mortgage

Word History

First Known Use

1912, in the meaning defined above

Time Traveler
The first known use of second mortgage was in 1912

Browse Nearby Words

Cite this Entry

“Second mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/second%20mortgage. Accessed 10 Jun. 2025.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
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