second home

second home definition - business

second home

A dwelling occupied part-time by someone who owns a primary residence. Interest paid on loans secured by a primary home and second home are generally deductible for taxpayers who choose to itemize deductions.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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