Business / Debt / Second Mortgage: A second mortgage is taking out a mortgage on a property which is already mortgaged. This can be used to raise capital if the property has significantly increased in value and would involve finance companies rather than banks or building societies. Since the first mortgagee (lender) usually holds the deeds of the property, the second mortgagee will carry a higher risk and thus charges a considerably higher rate of interest.Secured BondA bond which is secured by the guarantee of assets or collateral is a secured bond.
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Second Verb Synonyms: moment, instant, flash, minute, twinkling or wink or bat (of an eye), split second, sec, jiffy, two shakes (of a lamb's tail), tick, half a mo
Second Noun Synonyms: alternate, other
Second Adjective Synonyms: subsequent, following, next
Science / Chemistry / Second Order Reaction: A reaction with a rate law that is proportional to either the concentration of a reactant squared, or the product of concentrations of two reactants. MORE
Health / Health Insurance / Second Opinion: It is a medical opinion provided by a second physician or medical expert, when one physician provides a diagnosis or recommends surgery to an individual. Individuals are encouraged to obtain second op MORE