Some people will be horrific losers, mortgaging the house to cover what they owe you.
The men, as a result, were always in debt, mortgaging their next summers catch of fish long before the winter was over.
He obtained the money from my client by mortgaging the Firs to him.
He 's a kind of a bill-broking, mortgaging, bail-giving, devilish good sort of fellow.
Instead of mortgaging the future, the Gaul is utilising his thrifty past.
You know that I helped poor Tom set himself up in business by mortgaging the farm.
Franklin civilly suggested that they could get it by mortgaging their house; they firmly declined.
I could not relish those gentlemen's proposal of mortgaging all our estates, for the little money Holland is likely to lend us.
With this, a farm costing four thousand dollars could be bought by mortgaging it for half.
This practice is very much like our method of mortgaging our lands.
late 14c., morgage, "conveyance of property as security for a loan or agreement," from Old French morgage (13c.), mort gaige, literally "dead pledge" (replaced in modern Frech by hypothèque), from mort "dead" (see mortal (adj.)) + gage "pledge" (see wage (n.)). So called because the deal dies either when the debt is paid or when payment fails. Old French mort is from Vulgar Latin *mortus "dead," from Latin mortuus, past participle of mori "to die" (see mortal (adj.)). The -t- restored in English based on Latin.
late 15c., from mortgage (n.). Related: Mortgaged; mortgaging.
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.