Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
SENIOR MORTGAGE Definition & Legal Meaning
Definition & Citations:
The first mortgage on a property that has priority over other mortgages that are taken out on the same property.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.