Meaning JUNIOR MORTGAGE: A mortgage that will be satisfied only after more senior mortgages have been satisfied. e.g., a first mortgage will be satisfied prior to a second or a third mortgage
More terms such as Junior mortgage in Dictionary J.
- Definition Joint Tax Return:
- Examples Tax return filed by two people, usually spouses junior mortgage definition.
- Definition Joint Tenants With Right Of Survivorship:
- Examples In the case of a joint account, on the death of one account holder, ownership of the account assets is transferred to the remaining account holder or holders junior mortgage explain.
- Definition Junior Debt (Subordinate Debt):
- Examples Debt whose holders have a claim on the firm's assets only after senior debtholder's claims have been satisfied. Subordinated debt junior mortgage what is.
- Definition J-Curve:
- Examples country's trade deficit will initially worsen after its currency depreciates because higher prices on foreign imports will more than offset the reduced volume of imports in the short run junior mortgage meaning.
- Definition Just-In-Time Inventory Systems:
- Examples Systems that schedule materials to arrive exactly when they are needed in the production process junior mortgage abbreviation.
