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mortgagor

American  
[mawr-guh-jer] / ˈmɔr gə dʒər /
Or mortgager

noun

  1. a person who mortgages property.


mortgagor British  
/ ˌmɔːɡɪˈdʒɔː, ˈmɔːɡɪdʒə /

noun

  1. property law a person who borrows money by mortgaging his property to the lender as security

"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

Etymology

Origin of mortgagor

First recorded in 1575–85; mortgage + -or 2

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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

What really gives FHA insured mortgages distinction is that not only must the mortgagor and the servicing agent be approved but the mortgagee who puts up the funds must also pass muster.

From Time Magazine Archive

If the sums collected from the two sources exceed the amount advanced to the mortgagor that is only the mortgagee's affair.

From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney

A mortgage is prepared by the solicitor of the mortgagee, and the mortgagor bears the whole expenses of the transaction.

From Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 3 "Convention" to "Copyright" by Various

But if he insures the property at the mortgagor's request or at his expense, then the mortgagor would have the benefit of the insurance.

From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney

When the mortgagee takes possession of the vessel he is entitled to all the earnings that accrue, but not to those which the mortgagor has reserved, even though they are for the current voyage.

From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney