submortgagee
submortgagee noun: one who provides a loan secured by a mortgagee's interest in a mortgage and in effect becomes the assignee of that mortgage.
Noun
submortgagee (countable and uncountable, plural submortgagees)
- One who provides a loan secured by a mortgagee's interest in a mortgage and in effect becomes the assignee of that mortgage.
- Accordingly, the submortgagee can take no action against the ship or owner unless and until the underlying mortgage becomes enforceable.2016, David Osborne, Graeme Bowtle & Charles Buss, chapter 3, in The Law of Ship Mortgages, page 62
Forms of submortgagee
| plural | submortgagees |
|---|
Origin of submortgagee
From sub- + mortgagee.
Questions about submortgagee
- What does submortgagee mean?
- Submortgagee means one who provides a loan secured by a mortgagee's interest in a mortgage and in effect becomes the assignee of that mortgage.
- What part of speech is submortgagee?
- Submortgagee is a noun.
- What is the plural of submortgagee?
- The plural of submortgagee is submortgagees.
Words near submortgagee in the dictionary
Source and license
Adapted from Wiktionary: submortgagee (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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Cite this entry: “submortgagee.” Word.ws, https://word.ws/submortgagee. Based on Wiktionary, CC BY-SA 4.0.