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Multi-word Results
| chattel mortgage |
a mortgage on personal property, esp. movable property. |
| first mortgage |
a primary lien against a piece of property that takes precedence in case of default over all other mortgages or liens except those given priority by law, such as real estate taxes. |
| second mortgage |
a mortgage on property on which there is already one mortgage, the first taking precedence over the second in the case of a claim. |
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