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Home > QFINANCE Dictionary > Definition of junior mortgage

Definition of

junior mortgage


mortgage with low priority for repayment a mortgage whose holder has less claim on a debtor's assets than the holder of another mortgage.

Related definitions of "junior mortgage"

Definitions of ’junior mortgage’ and meaning of ’junior mortgage’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’junior mortgage’ and other financial terms with our online QFINANCE Financial Dictionary.

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