first mortgage
noun
a mortgage having priority over other mortgages on property.
Origin of first mortgage
First recorded in 1850–55
OTHER WORDS FROM first mortgage
first-mort·gage, adjectiveWords nearby first mortgage
first lord,
first mate,
first messenger,
first minister,
first molar,
first mortgage,
first mover,
first name,
first nation,
first night,
first of all
Example sentences from the Web for first mortgage
The bid at the sale covered the first-mortgage lien and the entire mortgage claim of the Government, principal and interest.
State of the Union Addresses of William McKinley |William McKinley
British Dictionary definitions for first mortgage
first mortgage
noun
a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities