FURTHER ADVANCE

further advance. 1. A second or later loan to a mortgagor by a mortgagee, either on the same

security as the original loan or on an additional security. [Cases: Mortgages 16, 116. C.J.S.

Mortgages §§ 154–156.] 2.Equity practice. The agreed conversion of arrears of interest on a

mortgage security into principal.[Blacks Law 8th]