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First mortgage   /fərst mˈɔrgədʒ/   Listen
First mortgage

noun
1.
A mortgage that has priority over all mortgages and liens except those imposed by law.





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"First mortgage" Quotes from Famous Books



... scheme. After careful examination of the project I made the contract for the construction of the bridge on behalf of the Keystone Bridge Works. I also obtained an option upon four million dollars of first mortgage bonds of the bridge company and set out for London in March, 1869, to negotiate ...
— Autobiography of Andrew Carnegie • Andrew Carnegie


Words linked to "First mortgage" :   mortgage


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