submortgage
submortgage noun: a secured loan whereby a mortgagee uses his interest in a mortgage as collateral on a loan with a third party, in effect transferring or assigning the mortgage thereto.
Noun
submortgage (countable and uncountable, plural submortgages)
- A secured loan whereby a mortgagee uses his interest in a mortgage as collateral on a loan with a third party, in effect transferring or assigning the mortgage thereto.
- The amount secured by the submortgage can never exceed the amount secured by the original mortgage.2016, David Osborne, Graeme Bowtle & Charles Buss, chapter 3, in The Law of Ship Mortgages, page 61
Forms of submortgage
| plural | submortgages |
|---|
Origin of submortgage
From sub- + mortgage.
Questions about submortgage
- What does submortgage mean?
- Submortgage means a secured loan whereby a mortgagee uses his interest in a mortgage as collateral on a loan with a third party, in effect transferring or assigning the mortgage thereto.
- What part of speech is submortgage?
- Submortgage is a noun.
- What is the plural of submortgage?
- The plural of submortgage is submortgages.
Words near submortgage in the dictionary
Source and license
Adapted from Wiktionary: submortgage (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Pronunciation audio from Wikimedia Commons, each file under its own free license: LL-Q1860 (eng)-Flame, not lame-submortgage.wav.
Cite this entry: “submortgage.” Word.ws, https://word.ws/submortgage. Based on Wiktionary, CC BY-SA 4.0.