mortgage
[ mawr-gij ]
/ ˈmɔr gɪdʒ /
noun
a conveyance of an interest in property as security for the repayment of money borrowed.
the deed by which such a transaction is effected.
the rights conferred by it, or the state of the property conveyed.
verb (used with object), mort·gaged, mort·gag·ing.
Law.
to convey or place (real property) under a mortgage.
to place under advance obligation; pledge: to mortgage one's life to the defense of democracy.
Origin of mortgage
1350–1400; earlier
morgage, Middle English < Old French
mortgage, equivalent to
mort dead (< Latin
mortuus) +
gage pledge,
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, noun un·mort·gage, verb (used with object), un·mort·gaged, un·mort·gag·ing.Words nearby mortgage
Example sentences from the Web for mortgaged
British Dictionary definitions for mortgaged
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 agreement
a mortgage of £48 000
a regular payment of money borrowed under such an agreement
a 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 mortgage
a mortgage payment
Derived forms of mortgage
mortgageable, adjectiveWord Origin for mortgage
C14: from Old French, literally: dead pledge, from
mort dead +
gage security,
gage
1
Cultural definitions for mortgaged
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.