- s) can eventually force the liquidation of the asset and use the proceeds for repayment.
Technically, taking out a second mortgage on a property is considered to be cross collateralization. In such a case, the property is originally used as collateral for the mortgage. The second mortgage is then tapping into the equity that the property's owner has accrued for collateral.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
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