"Submortgage" is a word in LAW AND LEGAL

Submortgage LAW AND LEGAL
Definition:

when a person who holds a mortgage as security for a loan which he has made, procures a loan to himself from a third person, and pledges his mortgage as security, he effects what ls called a “submort-gage.”

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Every word the right one and exactly where it should be. That's basically the highest compliment I can give.

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