Adjustment mortgage -- A mortgage that usually covers or
represents improvements ; usually, also, it is subsequent in
lien or claim to another mortgage. For additional information
see Adjustment bond.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.