mortgagee

[ mawr-guh-jee ]

noun

1. a person to whom property is mortgaged.

mortgagee

/ ˌmɔːɡɪˈdʒiː /

noun

1. the party to a mortgage who makes the loan
2. a person who holds mortgaged property as security for repayment of a loan

Word History and Origins

Origin of mortgagee¹

First recorded in 1575–85; mortgage + -ee

Example Sentences

It is the deed always given by a mortgagee on the payment or discharge of his mortgage.

From Project Gutenberg

On the other hand a somewhat different rule applies between mortgagor and mortgagee.

From Project Gutenberg

This is a great responsibility to repose in the mortgagee, and he must perform the trust in good faith in every respect.

From Project Gutenberg

This rule, though, is denied by some courts, which hold he cannot because the officer is acting as the mortgagee's agent.

From Project Gutenberg

On the other hand, the mortgagee can transfer, sell or assign his mortgage to another, and this is often done.

From Project Gutenberg