Submortgagee

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    One who provides a loan secured by a mortgagee's interest in a mortgage and in effect becomes the assignee of that mortgage. countable, uncountable

    "Accordingly, the submortgagee can take no action against the ship or owner unless and until the underlying mortgage becomes enforceable."

Example

More examples

"Accordingly, the submortgagee can take no action against the ship or owner unless and until the underlying mortgage becomes enforceable."

Etymology

From sub- + mortgagee.

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