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Concept information

Término preferido

second mortgage  

Definición

  • 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]

Concepto genérico

Pertenece al grupo

URI

http://data.loterre.fr/ark:/67375/N9J-TQBLQFVC-Z

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