noun ·Rare ·Advanced level

Definitions

Noun

1. 1
   A secured loan whereby a mortgagee uses his interest in a mortgage as collateral on a loan with a third party, in effect transferring or assigning the mortgage thereto. countable, uncountable

   "The amount secured by the submortgage can never exceed the amount secured by the original mortgage."

Example

More examples

"The amount secured by the submortgage can never exceed the amount secured by the original mortgage."

Etymology

From sub- + mortgage.

Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.