FIRST MORTGAGE • DICTIONARY ONE.COM • Definition of First mortgage

"First mortgage" Quotes from Famous Books

... one portion of the road, thirty-two thousand dollars per mile for another portion, and forty-eight thousand dollars per mile for another. In addition to these subsidies, the company was authorized to issue its own first mortgage bonds to an amount equal to the Government bonds, and to organize with a capital stock not to exceed one hundred million dollars. All this constituted a magnificent fund, and it soon became evident that the road could be built for at least twenty million dollars less than the resources ...

— Perley's Reminiscences, Vol. 1-2 - of Sixty Years in the National Metropolis • Benjamin Perley Poore

... to a great joint-stock company of landed proprietors which lent money on a first mortgage on estates. This money took the form of promissory notes, made payable to the holder. The company itself paid interest to those who accepted the mortgages, and advanced money on them, raising from its own debtors, ...

— Debit and Credit - Translated from the German of Gustav Freytag • Gustav Freytag

... Machine Co., Benedict's Watches, Madame Demorest's dress patterns, Sapolio, insurance companies, savings banks, the Union Pacific, offering first mortgage bonds. ...

— Susan B. Anthony - Rebel, Crusader, Humanitarian • Alma Lutz

Words linked to "First mortgage" : mortgage