- a conveyance of an interest in property as security for the repayment of money borrowed.
- the deed by which such a transaction is effected.
- the rights conferred by it, or the state of the property conveyed.
- Law. to convey or place (real property) under a mortgage.
- to place under advance obligation; pledge: to mortgage one's life to the defense of democracy.
Origin of mortgage
Examples from the Web for mortgage
She also insists she was not “financially involved” with the down payment or mortgage payments on the property.The Crazy Oregon Governor Race Just Got Crazier
October 14, 2014
In a few sentences, as though discussing the closing of a mortgage, they have given away France.The Deadly Trap Behind D-Day’s Beaches
June 5, 2014
Using the diet will, according to low-fat diet doctor Dean Ornish, “mortgage your health.”Everything You Know About Fat Is Wrong
May 7, 2014
After that, Sloan became “cash-poor” and was unable to afford the mortgage for her $1.4 million Manhattan apartment.Selena Gomez, Macaulay Culkin, and More Stars Who Divorce Their Parents
April 12, 2014
That summer, the CFPB used online feedback to redesign the mortgage disclosure form.How the Government Can Avoid Another HealthCare.gov Debacle
Alexander B. Howard
November 18, 2013
That's all we want the new marsh for--just to clear off the mortgage.The Raid From Beausejour; And How The Carter Boys Lifted The Mortgage
Charles G. D. Roberts
It's Bill that bled me, and bled me until I've had to soak a mortgage on the ranch.Way of the Lawless
Father can't refuse to mortgage; why doesn't he write to me?
"He wants to talk with you about a mortgage," I said bluntly.
Many a holder of a second mortgage has been left to hold the sack.Dust
Mr. and Mrs. Haldeman-Julius
- 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 agreementa mortgage of £48 000
- a regular payment of money borrowed under such an agreementa 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 mortgagea mortgage payment
Word Origin and History for mortgage
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.