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first mortgage

 

Definitions from WordNet

Noun first mortgage has 1 sense
  1. first mortgage - a mortgage that has priority over all mortgages and liens except those imposed by law
    --1 is a kind of
    mortgage

Definitions from the Web

First Mortgage

Noun:

An initial loan secured by a property, which takes precedence over all other mortgages or liens on the property.

Example Sentence:

She applied for her first mortgage to buy her dream home.

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