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View synonyms for mortgagor
mortgagor
or mort·gag·er
[ mawr-guh-jer ]
mortgagor
/ ˌmɔːɡɪˈdʒɔː; ˈmɔːɡɪdʒə /
noun
- property law a person who borrows money by mortgaging his property to the lender as security
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Word History and Origins
Origin of mortgagor1
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Example Sentences
Until the mortgagor fails to execute his part of the agreement, he retains possession of the property.
From Project Gutenberg
On the other hand a somewhat different rule applies between mortgagor and mortgagee.
From Project Gutenberg
If there is a surplus after satisfying the mortgage debt it must be paid to the mortgagor, or, if he is dead, to his heir.
From Project Gutenberg
If they are destroyed by fire, the mortgagor cannot claim to have the insurance applied in liquidation of the mortgage debt.
From Project Gutenberg
If the sums collected from the two sources exceed the amount advanced to the mortgagor that is only the mortgagee's affair.
From Project Gutenberg
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