Preferred Mortgage

Preferred Mortgage in Maritime Law

Note: There is more information on maritime/admiralty law here.

The following is a definition of Preferred Mortgage, produced by Tetley, in the context of admiralty law: A ship mortgage (see this maritime law term in this legal dictionary) on the whole of a vessel, filed in the U.S. in substantial compliance with the requirements of 46 U.S. Code 31322 et seq.