| 单词 | second mortgage |
| 释义 | second mortgage A mortgage taken out on a property that is already mortgaged. Second and subsequent mortgages can often be used to raise money if the value of the property has increased considerably since the first mortgage was taken out. As the deeds of the property are usually held by the first mortgagee (lender), the second mortgagee undertakes a greater risk and therefore usually demands a higher rate of interest. The second mortgagee usually registers the second mortgage to protect himself against subsequent mortgages. In the UK, the Land Registry will issue a certificate of second charge in the case of registered land. |
| 随便看 |
|
英汉经管词典收录了5297条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。