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puisne mortgage

Syllabification: puis·ne mort·gage

Definition of puisne mortgage in English:

noun

Law , chiefly British
A second or subsequent mortgage of unregistered land of which the title deeds are retained by a first mortgagee.
Example sentences
  • Legal mortgages not protected by deposit of deeds are registrable as puisne mortgages.

Definition of puisne mortgage in:

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