- a person to whom property is mortgaged.
Origin of mortgagee
Examples from the Web for mortgagee
Historical Examples of mortgagee
And then fixing his eyes steadily on him, he said, "You are a mortgagee."The Martins Of Cro' Martin, Vol. II (of II)
Charles James Lever
Why, you do not mean to say that our gracious sovereign is a money-lender and mortgagee?The English Spy
The first mortgagee is entitled to be paid in full first, then the second, and so on.
The mortgagee may use his mortgage as security for loans or he may assign it as he pleases.
It is usual for the mortgagor to insure the property for the benefit of the mortgagee.
- the party to a mortgage who makes the loan
- a person who holds mortgaged property as security for repayment of a loan