First Mortgage

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Definition: First Mortgage

First Mortgage
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Full Definition of First Mortgage

The mortgage that has first claim in the event of a default.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/first-mortgage/
Modern Language Association (MLA):
First Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/first-mortgage/.
Chicago Manual of Style (CMS):
First Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/first-mortgage/ (accessed: April 18, 2024).
American Psychological Association (APA):
First Mortgage. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/first-mortgage/

Definition Sources

Definitions for First Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.