conterminous

(kō-)
adj.

1. Having a boundary in common; contiguous: The northern border of the United States is conterminous with the southern border of Canada.
2. Contained in the same boundaries; coextensive: the conterminous 48 states.
3. Having the same scope, range of meaning, or extent in time.

[From Latin conterminus : com-, com- + terminus, boundary.]

conterminously con·ter'mi·nous·ly adv.
conterminousness con·ter'mi·nous·ness n.

A suppplemental loan with a maturity that is the same as the senior, or original, loan. Coterminous is most often used to describe mortgage loans, such as those for residential and commercial borrowers.

Investopedia Says:
While a supplemental loan can have a maturity date that occurs after that of the original loan (often called "non-coterminous"), most second mortgage lenders or mezzanine lenders prefer to have both loans mature on the same date. This way, the borrower can choose to refinance both loans into one larger one, preferably with the same lender.

Related Links:
Learn how interest rates affect the housing market and how you can keep up with changes. How Will Your Mortgage Rate?
Will changing your current payment structure help you in the end? The True Economics Of Refinancing A Mortgage
Here we explain how to evaluate whether a company's debt will pose a threat to investors. When Companies Borrow Money

adjective

Sharing a common boundary: adjacent, adjoining, contiguous, next. See near/far/distance.

Note: click on a word meaning below to see its connections and related words.

The adjective has 3 meanings:

Meaning #1: connecting without a break; within a common boundary
  Synonym: contiguous

Meaning #2: having a common boundary or edge; touching; Massachusetts and Conncecticut"
  Synonyms: abutting, adjacent, adjoining, bordering, contiguous, neighboring

Meaning #3: of equal extent or scope or duration
  Synonyms: coextensive, coterminous

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Dansk (Danish)
adj. - med grænsefællesskab, sammenfaldende

Nederlands (Dutch)
aangrenzend, gelijk in omvang/duur/ betekenis

Français (French)
adj. - qui a une frontière commune, contigu à, limitrophe

Deutsch (German)
adj. - übereinstimmend, angrenzend

Ελληνική (Greek)
adj. - γειτονικός, όμορος

Italiano (Italian)
contiguo

Português (Portuguese)
adj. - adjacente

Русский (Russian)
граничащий

Español (Spanish)
adj. - limítrofe

Svenska (Swedish)
adj. - som har gemensam gräns med, som sammanfaller

中文（简体）(Chinese (Simplified))
相接的, 有同一延伸的, 连接的

中文（繁體）(Chinese (Traditional))
adj. - 相接的, 有同一延伸的, 連接的

한국어 (Korean)
adj. - 인접한, 동일 연장의

日本語 (Japanese)
adj. - 隣接する, 同一限界の, 同一延長の

العربيه (Arabic)
‏(صفه) بحدود مشتركه, متلاقي الأطراف‏

עברית (Hebrew)
adj. - ‮מקיף באותה מידה מבחינת מרחב, זמן או משמעות, גובל‬

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