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...
Fans of The Great British Bake Off (known in the U.S. as The Great British Baking Show because of a trademark issue) know that you don’t want your baked goods to be stodgy or claggy. The verb to stodge, meaning “to stuff,” goes...