Advertisement
Advertisement
mortgage
[mawr-gij]
noun
a conveyance of an interest in real property as security for the repayment of money borrowed to buy the property; a lien or claim on property such that the lender can take possession if the loan is not repaid.
the deed by which such a transaction is effected.
the rights conferred by such a transaction, or the state of the property conveyed: I own a house under mortgage.
The bank holds a mortgage on his farm.
I own a house under mortgage.
the total loan obtained or the periodic installment to be paid under such a transaction.
They took out a $500,000 mortgage.
the obligation to repay such a loan; the debt incurred.
an advance obligation or pledge, usually involving some risk.
Without good maternity care, some babies will be born with a long-term mortgage on their future health.
verb (used with object)
to convey or place (real property) under a mortgage.
to place under advance obligation; to pledge, usually taking on some risk.
to mortgage one's life to the defense of democracy.
mortgage
/ Ė³¾ÉĖÉ”ÉŖ»åĻō /
noun
an agreement under which a person borrows money to buy property, esp a house, and the lender may take possession of the property if the borrower fails to repay the money
the deed effecting such an agreement
the loan obtained under such an agreement
a mortgage of Ā£48Ģż000
a regular payment of money borrowed under such an agreement
a mortgage of Ā£247 per month
verb
to pledge (a house or other property) as security for the repayment of a loan
adjective
of or relating to a mortgage
a mortgage payment
mortgage
A legal agreement that creates an interest in real estate between a borrower and a lender. Commonly used to purchase homes, mortgages specify the terms by which the purchaser borrows from the lender (usually a bank or a savings and loan association), using his or her title to the house as security for the unpaid balance of the loan.
Other 51³Ō¹Ļ Forms
- overmortgage verb
- remortgage verb (used with object)
- submortgage noun
- unmortgage verb (used with object)
- Ė³¾“Ē°ł³Ł²µ²¹²µ±š²¹²ś±ō±š adjective
51³Ō¹Ļ History and Origins
51³Ō¹Ļ History and Origins
Origin of mortgage1
Example Sentences
Lots own small businesses, are paying mortgages, attend universities, rise in their professions.
"We were devastated because we'd taken a mortgage out for this holiday home, so we still have to pay the mortgage off," says Mrs Thompson.
Fewer mortgage refinancings, auto purchases, and less credit generally are all drags on the economy.
Imagine a lifelong companion, a friend, who can advise you on a mortgage, tutor your kids, instruct on how best to handle a difficult friendship, or counsel you on how to deal with grief.
"I'm 68 and still have a mortgage. I go away a couple of times a year - nothing five star - have an old car, but manage fine. I'm more than happy not to receive the payment."
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Browse