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单词 submortgage
释义

submortgage
n. A mortgage of a mortgage. A submortgagor is a person who holds a mortgage over another’s land and charges that mortgage as security for a debt he owes to a third party (the submortgagee). If the submortgagor defaults, the submortgagee may sell the mortgage (but not the land) and recover the debt from the proceeds.

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更新时间:2024/12/26 0:35:37