
Submortgagee
UK
/sʌbˌmɔːɡɪˈsiː/
US
/sʌbˌmɔrɡɪˈsi/

Translation submortgagee into russian
submortgagee
NounUK
/sʌbˌmɔːɡɪˈsiː/
US
/sʌbˌmɔrɡɪˈsi/
The submortgagee has certain rights to the property under the submortgage agreement.
Субипотекодержатель имеет определенные права на имущество в соответствии с договором субипотеки.
Definitions
submortgagee
NounUK
/sʌbˌmɔːɡɪˈsiː/
US
/sʌbˌmɔrɡɪˈsi/
A person or entity that holds a secondary or subordinate mortgage on a property, typically receiving rights or interests from the primary mortgagee.
The submortgagee was concerned about the borrower's ability to repay the loan, given the primary mortgagee's claim on the property.