mortgage finance
type: Concept
narrower: second mortgage

second mortgage
definition: Mortgages are often classified by their priority in the event of the borrower's default and, subsequently, foreclosure. The priority is important because it indicates which claim is to be satisfied in which order. [Source: The Encyclopedia of Housing; Second Mortgage]
broader: mortgage finance
type: Concept

concepts
type: Collection
type: ConceptGroup
member: second mortgage