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Từ vựng:

SUBMORTGAGOR

Giải nghĩa:

/sʌbˈmɔːrgəgɔːr/ – noun


Definition: người đi cầm cố lại.

A more thorough explanation: A submortgagor is a party who grants a subordinate mortgage on property that is already subject to an existing mortgage. This individual assumes the role of a mortgagor in relation to the secondary mortgage, which is subordinate to the primary mortgage on the same property.

Example: The submortgagor is the party who grants a second mortgage on the same property that is already subject to an existing mortgage.

 

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