mortgage

[ mawr-gij ]

/ ˈmɔr gɪdʒ /

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See synonyms for: mortgage / mortgaged / mortgaging on Thesaurus.com

noun

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.

verb (used with object), mort·gaged, mort·gag·ing.

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.

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Which sentence is correct?

His boss, whom he admires, is waiting to meet with him about the big project.

His boss, who he admires, is waiting to meet with him about the big project.

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Origin of mortgage

First recorded in 1350–1400; earlier morgage,Middle English, from Old French mortgage, equivalent to mort “dead” (from Latin mortuus ) + gage “pledge”; see gage¹

OTHER 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, nounun·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

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|ProPublica
They 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 Post
Players 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|Fortune
Both 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|Fortune

For 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|DAILY BEAST
The debt load is so vast that every asset of the club—including its training ground—has been mortgaged.
Manchester United: The Glazer Family’s Bad Play|Michael Moritz|August 6, 2012|DAILY BEAST
On the other hand, if they lose their bid to unseat Obama, they will have mortgaged their future for nothing at all.
It’s Now or Never for GOP’s 2012 Agenda|Noah Kristula-Green|February 29, 2012|DAILY BEAST
This has all been done relatively quietly while politicians have mortgaged our futures.
Tea Party Takes On Boehner|Patricia Murphy|July 27, 2011|DAILY BEAST
After discovering Celine in 1981, Angelil mortgaged his home to produce her first record.
Can Celine Dion Save Vegas?|Tony Doukopil, Ramin Setoodeh|March 13, 2011|DAILY BEAST
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 Bolles
Whenever 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 Bolles
When 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 Bolles
Any 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 Bolles
A 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

mortgage

/ (ˈmɔːɡɪdʒ) /

noun

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

verb (tr)

to pledge (a house or other property) as security for the repayment of a loan

adjective

of or relating to a mortgagea mortgage payment

Derived forms of mortgage

mortgageable, adjective

Word Origin for mortgage

C14: from Old French, literally: dead pledge, from mort dead + gage security, gage 1

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

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.

mortgage

Origin of mortgage

OTHER WORDS FROM mortgage

Words related to mortgage

How to use mortgage in a sentence

British Dictionary definitions for mortgage

Derived forms of mortgage

Word Origin for mortgage

Cultural definitions for mortgage