soft-second
n.— «As another example, borrowers could be required to share with the government or with the holder of the borrower’s existing mortgage either the equity created through a write-down or the future appreciation in the home price, or both, over some specified time period. In other words, the government or investor would have what is known as a “soft-second.”» —“Federal Housing Administration Housing Stabilization and Homeownership Act” Forexhound.com Apr. 9, 2008. (source: Double-Tongued Dictionary)
Further reading
When there’s no evening meal planned at home, what do you call that scramble to cobble together your own dinner? Some people apply acronyms like YOYO — “you’re on your own” — or CORN, for “Clean Out your Refrigerator...
What do you call the cardboard sleeve that goes over a paper cup to keep your hand from getting too hot? A San Antonio, Texas, listener knows that the technical term for this sleeve is zarf, a word that comes from Arabic, originally denoting an...