ALL meanings of first mortgage
first mort·gage
F f - noun first mortgage a mortgage having priority over other mortgages on property. 1
- noun first mortgage a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities 0
- noun first mortgage a mortgage having priority over all other liens or encumbrances on the same property, except those, as real estate taxes, given priority by statute 0