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.
- 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. 2023
How to use mortgage in a sentence
Lockdowns prevented customers from visiting banks, law offices, and mortgage brokers, so borrowers shopped online and signed their mortgage notes at virtual closings.First he took energy trading and the NYSE electronic. Now Jeff Sprecher of ICE shares his plans to digitize your mortgage | Shawn Tully | September 2, 2020 | Fortune
Profiteers caused the mortgage meltdown and the prescription opioid crisis, and they’ve evaded taxes and deprived communities of public funds for education, public health, and infrastructure.
In one example, Hyatt outlined how call analytics could integrate with a Google Ad campaign that directs people to a landing page with an application for something like a mortgage or auto loan.Call analytics: How they can drive down costs and improve search conversions | The Content Studio @ Search Engine Land | August 26, 2020 | Search Engine Land
The subprime mortgage crisis triggered the global financial crisis, and the markets tanked in the autumn of 2008.Big Tech is driving the markets rally. There are fresh doubts that trade will hold up | Bernhard Warner | August 26, 2020 | Fortune
In Ohio, 23 percent of people said they couldn’t make their rent or mortgage payment last month or had little or no confidence they’d make it this month.
A Colorado-based full- service residential mortgage banking company.
She also insists she was not “financially involved” with the down payment or mortgage payments on the property.
Eventually, Cuomo entered the Clinton administration, and as HUD secretary sowed the seeds of the subprime mortgage catastrophe.
Colorado-based full-service residential mortgage banking company.After Hobby Lobby, These 82 Corporations Could Drop Birth Control Coverage | Abby Haglage | June 30, 2014 | THE DAILY BEAST
Among the schemes that did go forward to completion was an offering of mortgage-related securities called Hudson 1.Too Big to Jail: Confessions of a Goldman Sachs Brat | Michael Daly | June 26, 2014 | THE DAILY BEAST
By the common law nothing could be mortgaged that was not in existence at the time of the mortgage.
A mortgage made of an unfinished article will hold the article when finished if it can be identified.
Two or more creditors may join in such a mortgage to secure their separate debts.
Nor need the mortgage state that it is thus given; and the fact may be proved orally.
Suppose A sells a piece of land by warranty deed to B, who makes the unwelcome discovery that a mortgage is existing thereon.
British Dictionary definitions for mortgage
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
- 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
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.