Definition of Further Advance
A second or subsequent loan of money to a mortgagor by a mortgagee, either upon the same security as the original loan was advanced upon, or an additional security. Equity considers the arrears of interest on a mortgage security converted into principal, by agreement between the parties, as a further advance. See also Future advance clause; Future advances.
That's the definition of Further Advance in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.
