Meaning FIRST MORTGAGE: A type of mortgage that through a lien gives precedence to the lender of the first mortgage over all other lenders in case of default
More terms such as First mortgage in Dictionary F.
- Definition Foreclosure:
- Examples Process by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract first mortgage definition.
- Definition FUTOP:
- Examples The Danish derivatives market, merged with the Copenhagen Stock Exchange in 1997 first mortgage explain.
- Definition Fixed-Rate Loan:
- Examples A loan whose rate is fixed for the life of the loan first mortgage what is.
- Definition Fixed Exchange Rate:
- Examples A country's decision to tie the value of its currency to another country's currency, gold (or another commodity), or a basket of currencies first mortgage meaning.
- Definition Financial Accounting Standards Board (FASB):
- Examples Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP first mortgage abbreviation.
