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A second mortgage that is taken out on a property that already has an existing mortgage. The second mortgage usually has only second priority with regard to the proceeds of the sale of the property in the event of a foreclosure sale due to default on the mortgage. … [Read more...] about SECOND MORTGAGE

At an appropriate or mutually agreed upon time. … [Read more...] about SEASONABLE

(A) construction. That which comes after the first, which is primary: as, the primary law of, nations the secondary law of nations. (B) English law. An officer who is second or next to the chief officer; as secondaries to the prothonotaries of the courts of king's bench, or common pleas; secondary of the remembrancer in the exchequer Jacob, L. D. h. t. Law Dictionary - … [Read more...] about SECONDARY

Recurring event or activity or occurrence at a specific time period each year. … [Read more...] about SEASONAL

That species of proof which is admissible on the loss of primary evidence, and which becomes, by that event, the best evidence. … [Read more...] about SECONDARY EVIDENCE