mortgagee

[ mawr-guh-jee ]

/ ˌmɔr gəˈdʒi /

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noun

a person to whom property is mortgaged.

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

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Origin of mortgagee

First recorded in 1575–85; mortgage + -ee

Words nearby mortgagee

mortal sin/venial sin, mortar, mortarboard, mortgage, mortgage bond, mortgagee, mortgagee clause, mortgage rate, mortgagor, mortician, mortiferous

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use mortgagee in a sentence

It is the deed always given by a mortgagee on the payment or discharge of his mortgage.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
On the other hand a somewhat different rule applies between mortgagor and mortgagee.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
This is a great responsibility to repose in the mortgagee, and he must perform the trust in good faith in every respect.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
This rule, though, is denied by some courts, which hold he cannot because the officer is acting as the mortgagee's agent.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles

On the other hand, the mortgagee can transfer, sell or assign his mortgage to another, and this is often done.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles

British Dictionary definitions for mortgagee

mortgagee

/ (ˌmɔːɡɪˈdʒiː) /

noun law

the party to a mortgage who makes the loan

a person who holds mortgaged property as security for repayment of a loan

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

mortgagee

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Origin of mortgagee

Words nearby mortgagee

Words related to mortgagee

How to use mortgagee in a sentence

British Dictionary definitions for mortgagee