submortgagee

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noun

One who provides a loan secured by a mortgagee's interest in a mortgage and in effect becomes the assignee of that mortgage.

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Meanings

nounsubmortgagee (countable and uncountable, plural submortgagees)

plural submortgagees

  1. countableuncountablelawOne who provides a loan secured by a mortgagee's interest in a mortgage and in effect becomes the assignee of that mortgage.

    Accordingly, the submortgagee can take no action against the ship or owner unless and until the underlying mortgage becomes enforceable.

    2016, David Osborne, Graeme Bowtle & Charles Buss, chapter 3, in The Law of Ship Mortgages, page 62

Origin

From sub- + mortgagee.

Full word history & related roots →
Cite this entry
APA

submortgagee. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/submortgagee

MLA

“submortgagee.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/submortgagee. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “submortgagee,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/submortgagee.

Source: submortgagee on Wiktionary, CC BY-SA 4.0.