Betekenis van:
second mortgage
second mortgage
Zelfstandig naamwoord
- tophypotheek
- a mortgage that is subordinate to a first mortgage
Hyperoniemen
Werkwoord
Voorbeeldzinnen
- Each loan should be secured by a first- or second-rank mortgage in the housing for which the loan had been granted.
- Second, as regards the required collateral in the form of a mortgage on the land in question, ISD Stocznia has provided the following explanation.
- For the second company they received their land use right certificate before paying in full for it, and used this certificate to obtain a mortgage from a State-owned bank.
- All loans from the State Building Fund were to be fully indexed (cf. Article 16 of the Act). Each loan should be secured by a first- or second-rank mortgage in the housing for which the loan had been granted.
- Before the difficulties started in the second half of 2007, NR was the 5th biggest UK mortgage bank with a balance-sheet total of GBP 113,5 billion on 30 June 2007 and GBP 109,3 billion at the end of 2007.
- NR’s dependence on wholesale funding caused difficulties in the second half of 2007 when the mortgage securitisation market collapsed, as described in more detail in section 2.2 of the opening decision.
- Second, as regards the required collateral in the form of a mortgage on the land in question, ISD Stocznia has provided the following explanation. The land is currently mortgaged to guarantee the yard’s outstanding public liabilities.
- Before the difficulties started in the second half of 2007, NR was the 5th biggest UK mortgage bank with a balance-sheet total of GBP 113,5 billion on 30 June 2007 and GBP 109,3 billion at the end of 2007. In 2006, it had a total balance sheet of GBP 101 billion, while interest income represented almost GBP 5 billion.
- The requirement laid down in Article 11 of Act No 97/1993 to the effect that loans were secured by first or second mortgage did not apply to this loan category but only to certain loans from the State Building Fund.
- NR’s dependence on wholesale funding caused difficulties in the second half of 2007 when the mortgage securitisation market collapsed, as described in more detail in section 2.2 of the opening decision. NR’s funding problems led the UK authorities to provide loans and guarantees, which were approved by the Commission as rescue aid until 17 March 2008 by the decision of 5 December 2007.