TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

SUBSEQUENT MORTGAGE [6 records]

Record 1 2015-09-17

English

Subject field(s)
  • PAJLO
  • Law of Security
CONT

While an action to set aside a second mortgage on lands for $2, 200 was pending, the mortgaged lands were sold under a prior mortgage, and the first mortgagee, after satisfying his own claims, paid the whole surplus of the proceeds of the sale amounting to $270 to the defendant as subsequent incumbrancers.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

hypothèque de rang antérieur : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 2015-09-17

English

Subject field(s)
  • PAJLO
  • Law of Security
OBS

The subsequent mortgage may be a second mortgage, a third mortgage, a fourth mortgage, etc.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

L'hypothèque de rang postérieur peut être de deuxième rang, de troisième rang, de quatrième rang, etc.

OBS

hypothèque de rang postérieur : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 2

Record 3 2015-09-14

English

Subject field(s)
  • PAJLO
  • Law of Security
  • Loans
CONT

Although the term "legal mortgage" is inappropriate to a mortgage under the land titles system and is not in fact in common use, the term "equitable mortgage", which under the old system is used in contradistinction to a legal mortgage, is under the new system commonly used to indicate a mortgage or charge other than a registered or statutory mortgage. Under the old system any mortgage subsequent to a legal mortgage is necessarily an equitable mortgage, but under the new system a second mortgage is of the same nature as a first mortgage. In other respects, however, the ordinary rules as to equitable mortgages prevail under the land titles system. Thus, an equitable mortgage may be created by an agreement to execute a mortgage or to charge money on land or by deposit of documents of title.(Falconbridge on Mortgages, 1977, 4th ed., s. 10. 11)

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
  • Prêts et emprunts
OBS

hypothèque enregistrée : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 3

Record 4 2015-06-03

English

Subject field(s)
  • Property Law (common law)
  • Law of Contracts (common law)
CONT

The mortgage sale is actually comprised of potentially two sales; the mortagage loan and the mortgage serving of the loan. The new mortgage loan is sold to another lender on the secondary mortgage market soon after closing. The mortgage loan-servicing can be sold to another loan servicer but is usually not and stays with the original loan servicer.

CONT

Your first annual buildings & contents insurance premium is due at the start of your mortgage. Subsequent annual premiums are due on the anniversary of date of completion of your mortgage sale.

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
  • Droit des contrats (common law)

Spanish

Save record 4

Record 5 2010-10-29

English

Subject field(s)
  • Stock Exchange
  • Investment
  • Negotiable Instruments (Commercial Law)
DEF

A bond secured by a mortgage [upon real estate].

OBS

The lien may be a first, second, or subsequent mortgage.

French

Domaine(s)
  • Bourse
  • Investissements et placements
  • Effets de commerce (Droit)
DEF

Titre obligatoire garanti par une hypothèque sur des biens immeubles.

OBS

Obligations 1re hypothèque, 2e hypothèque et hypothèque générale [...] En plus de leur garantie hypothécaire, les obligations 1re hypothèque ont un droit prioritaire sur les autres biens de l'émetteur. Les obligations 2e hypothèque prennent rang après elles et les obligations hypothèque générale viennent en troisième lieu.

Spanish

Campo(s) temático(s)
  • Bolsa de valores
  • Inversiones
  • Instrumentos negociables (Derecho mercantil)
DEF

Título-valor de renta fija con garantía hipotecaria.

OBS

[Las cédulas hipotecarias] pueden ser nominativas, a la orden, o al portador.

OBS

cédula hipotecaria: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

Save record 5

Record 6 1989-03-23

English

Subject field(s)
  • Property Law (common law)
CONT

... if changes made subsequent to registration, attach application for amendment of mortgage terms or copy of registered amending agreement/deed of correction.

French

Domaine(s)
  • Droit des biens et de la propriété (common law)

Spanish

Save record 6

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