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Submortgagor

ru

Translation of "submortgagor" into Russian

submortgagor
Noun
raiting
UK
/sʌbˈmɔːɡɪɡə/
US
/sʌbˈmɔrɡɪɡɔr/
submortgagor
submortgagors pl
субзалогодатель
The submortgagor transferred his interest in the property to another party.
Субзалогодатель передал свою долю в собственности другой стороне.

Definitions

submortgagor
Noun
raiting
UK
/sʌbˈmɔːɡɪɡə/
US
/sʌbˈmɔrɡɪɡɔr/
A person or entity (typically the original mortgagee) that grants or creates a submortgage by mortgaging its existing mortgage as security for another debt.
The submortgagor assigned the mortgage on the property to a new creditor to secure his own borrowing.
submortgagor
Adjective
raiting
UK
/sʌbˈmɔːɡɪɡə/
US
/sʌbˈmɔrɡɪɡɔr/
Relating to a submortgagor or to the status, rights, or obligations of a submortgagor.
The parties negotiated the submortgagor obligations set out in the contract.