This is why the main mortgage is referred to as a âfirst mortgage,â and a home equity loan or line of credit is called a âsecond mortgage.â In the case of a sale or foreclosure, the first mortgage loan would be paid off in full before funds are applied to the second, subordinate mortgage. subordinate (or subordination) clause notes that a mortgage will remain subordinate to an existing lien on the property in question.
Updated April 06, 2016. Definition: Podiatry is the treatment of disorders of the foot and ankle. A podiatrist is a doctor of podiatric medicine. While the podiatrist does undergo a four year post-graduate training program similar to medical school, podiatrists (DPM) differ from the M.D. and D.O. trained physicians.
Definition of 'podiatry'. podiatry (pÉdaÉªÉtri ) Podiatry is the professional care and treatment of people's feet. Podiatry is a more modern term for chiropody and also deals with correcting foot problems relating to the way people stand and walk.