/ˈpjuːni ˈmɔːɡɪdʒ/ – Phrase
Definition: việc cầm cố bất động sản không có bằng khoán sở hữu.
A more thorough explanation: A puisne mortgage refers to a secondary mortgage that is subordinate to a prior or senior mortgage on the same property. In legal terms, it is a mortgage that is ranked lower in priority compared to other mortgages on the property, meaning that in the event of foreclosure or sale of the property, the proceeds would first go towards satisfying the prior mortgage before the puisne mortgage.
Example: The puisne mortgage holder has a secondary claim on the property in the event of default by the primary mortgage holder.