What is the definition of Piggyback loan? | Dictionary.net

PIGGYBACK LOAN

\pˈɪɡɪbˌak lˈə͡ʊn], \pˈɪɡɪbˌak lˈə‍ʊn], \p_ˈɪ_ɡ_ɪ_b_ˌa_k l_ˈəʊ_n]\

Definitions of PIGGYBACK LOAN

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

Two loans taken on the same property. For instance, a first mortgage as well as a second mortgage. Obviously, the second loan is smaller in size.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Snake's-head

Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.

View More

Nearby Words