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Pronunciation varies by accent · noun
(law) A secured loan whereby a mortgagee uses his interest in a mortgage as collateral on a loan with a third party, in effect transferring or assigning the mortgage thereto..
The amount secured by the submortgage can never exceed the amount secured by the original mortgage.
Use submortgage when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Submortgage means (law) A secured loan whereby a mortgagee uses his interest in a mortgage as collateral on a loan with a third party, in effect transferring or assigning the mortgage thereto..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
The amount secured by the submortgage can never exceed the amount secured by the original mortgage.
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