mortgage
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: 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.
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.
Origin of mortgage
1Other words from mortgage
- o·ver·mort·gage, verb, o·ver·mort·gaged, o·ver·mort·gag·ing.
- re·mort·gage, verb (used with object), re·mort·gaged, re·mort·gag·ing.
- sub·mort·gage, noun
- un·mort·gage, verb (used with object), un·mort·gaged, un·mort·gag·ing.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use mortgage in a sentence
They worried about paying the mortgage and making sure we graduated.
The Myth of the Latino Vote and What Newsrooms Must Learn From 2020 | by Perla Trevizo | November 10, 2020 | ProPublicaThey agree to pay a monthly “covenant fee” of $400, which Allen said helps pay the mortgage.
Domestic violence survivors say they were kicked out by the housing program that promised to help them | Rachel Chason, Katie Mettler | October 30, 2020 | Washington PostPlayers can also use their earnings to pay off the large mortgages they begin the game with.
Here’s how to find best turnip prices ever on ‘Animal Crossing’ | dzanemorris | October 23, 2020 | FortuneBoth parties support more funding for education, coronavirus-related projects, mortgage and rental assistance, and food programs.
Stimulus update: Pelosi says a deal could be near, but a vote may not come until after the election | Lance Lambert | October 21, 2020 | FortuneFor example, a mortgage loan company might try to charge unfairly high interest rates by framing the decision as being calculated by an algorithm.
Hey Google … What Movie Should I Watch Today? How AI Can Affect Our Decisions | TaeWoo Kim | October 21, 2020 | Singularity Hub
Her biological and stepparents mortgaged their homes to help cover travel expenses during her four years in prison.
What Amanda Knox Is Up to Now | Winston Ross, Barbie Latza Nadeau | March 25, 2013 | THE DAILY BEASTThe debt load is so vast that every asset of the club—including its training ground—has been mortgaged.
On the other hand, if they lose their bid to unseat Obama, they will have mortgaged their future for nothing at all.
This has all been done relatively quietly while politicians have mortgaged our futures.
After discovering Celine in 1981, Angelil mortgaged his home to produce her first record.
By the common law nothing could be mortgaged that was not in existence at the time of the mortgage.
Putnam's Handy Law Book for the Layman | Albert Sidney BollesWhenever fixtures annexed to real estate retain the character of personal property they may be mortgaged.
Putnam's Handy Law Book for the Layman | Albert Sidney BollesWhen her dower is in mortgaged land, she cannot get possession until the mortgage has been paid.
Putnam's Handy Law Book for the Layman | Albert Sidney BollesAny person who is interested in a mortgaged estate has the right to redeem it; heirs, devisees, creditors.
Putnam's Handy Law Book for the Layman | Albert Sidney BollesA vessel may be mortgaged, and the federal statutes state how this shall be done.
Putnam's Handy Law Book for the Layman | Albert Sidney Bolles
British Dictionary definitions for mortgage
/ (ˈmɔːɡɪdʒ) /
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 £48 000
a regular payment of money borrowed under such an agreement: a mortgage of £247 per month
to pledge (a house or other property) as security for the repayment of a loan
of or relating to a mortgage: a mortgage payment
Origin of mortgage
1Derived forms of mortgage
- mortgageable, adjective
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for mortgage
[ (mawr-gij) ]
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.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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