/sʌbˈmɔːrgɪ/ – noun
Definition: người nhận cầm cố lại.
A more thorough explanation: A submortgagee is a party who holds a mortgage on property that has already been mortgaged to another party. The submortgagee’s interest is subordinate to the original mortgagee’s interest in the property.
Example: The submortgagee has the right to enforce the terms of the submortgage agreement in the event of default by the mortgagor.