mortgagen.
/ˈmɔːɡɪdʒ/, U.S. /ˈmɔrɡɪdʒ/ 1. gen. An arrangement or transaction whereby a benefit is acquired at the expense of exposure to some (esp. future) risk or constraint; the trading of something valued for profit, security, or advantage; (also) an instance of this.Frequently as a figurative use of sense 2a. In early use esp. in in mortgage: see Phrases.
ΘΚΠ
society > law > legal obligation > bond or recognizance > requiring or giving legal security > [noun] > legal security > mortgage > mortgage deed
mortgagea1393
monkey1862
a1393 J. Gower Confessio Amantis (Fairf.) vii. 4228 In mariage His trouthe plight lith in morgage.
c1475 (a1449) J. Lydgate Order of Fools (Laud) in Minor Poems (1934) ii. 451 He of ech thyng medlith; his thrifft lith in [v.r. to] morgage.
1607 T. Walkington Optick Glasse 84 In the meane time wee will lay in mortgage a peece of our fallowed invention.
1630 P. Massinger Picture sig. M3v I know not..how to redeeme This morgage of her manners.
a1639 S. Marmion Antiquary (1641) iv. i If I plot not so, to make all hit, Then you shall take the morgage of my wit.
1684 T. Hockin Disc. God's Decrees 363 Men..suffer themselves..to be..ensnared into unhappy contracts and morgages of themselves.
1822 W. Hazlitt Table-talk (1869) 2nd Ser. vi. 128 They will purchase the hollow happiness of the next five minutes, by a mortgage on the independance and comfort of years.
1867 J. R. Lowell Biglow Papers 2nd Ser. (new ed.) Introd. p. xlviii A man, speaking to me once of a very rocky clearing, said, ‘Stone's got a pretty heavy mortgage on that land’.
1902 W. James Varieties Relig. Experience xi–xiii. 318 The claims which things make are corrupters of manhood, mortgages on the soul.
2. † b. In extended use: a pledge. Obsolete. rare.
a. Law. The creation of an interest in (originally the conveyance of) real or personal property by a debtor (called the mortgagor) to a creditor (called the mortgagee) as security for a money debt (esp. one incurred by the purchase of the property), on the condition that the interest shall be extinguished (originally by reconveying the property) on payment of the debt within a certain period; an instance of this. Also: a deed effecting such a transaction; a debt secured by or loan resulting from such a transaction; the rights conferred on a mortgagee through this process. (Now the usual sense.)
ΘΚΠ
society > trade and finance > management of money > insolvency > indebtedness > [noun] > encumbrance or mortgage on property
mortgagec1450
encumbrancy1554
engagement1611
encumbrance1629
clag1697
society > law > legal obligation > bond or recognizance > requiring or giving legal security > [noun] > legal security > mortgage
wadset1449
mortgagec1450
thirlage1578
hypothec1592
encumber1612
dead-pledge1658
mortgage bond1853
poultice1932
society > trade and finance > financial dealings > moneylending > [noun] > loan > on security > mortgage
dead wed1340
mortgagec1450
poultice1932
c1450 (c1400) Bk. Vices & Virtues (Huntington) (1942) 31 Þei taken hem ofte here londes and rentes..in wedde and in dede wedde, as morgage.
1475 Rolls of Parl. VI. 147/2 That all Maners, Londes [etc.]..of the which any persone..were seased, or had any astate, title,..or possession..in any maner morgage..be not forfeted.
1542–3 Act 34 & 35 Hen. VIII c. 26 §37 Mortgages of landes tenementes or hereditamentes made or had after the saide feaste of Sainct John Baptest.
a1635 T. Randolph Muses Looking-glasse ii. iv. 33 in Poems (1638) A glibbery heire With all his lands melted into a morgage.
1642 King Charles I Answer XIX. Propositions Parl. in Wks. (1662) I. 412 I will..expose all My Land to Sale or Morgage.
1663 A. Cowley Cutter of Coleman-St. v. i. 54 I have some hold now upon my Estate again (though she, I confess, be a clog upon it worse than a Mort-gage).
1708 Act 7 Anne c. 19 In like Manner as Trustees or Mortgagees of full Age are compellable to convey or assign their Trust Estates or Mortgages.
1728 E. Young Love of Fame vi, in Wks. (1757) I. 149 His lordship's rent-roll is exceeding great—But mortgages will sap the best estate.
1828 R. Peters Rep. Supreme Court U.S. 1 441 In discussions in Courts of Equity, a mortgage is sometimes called a lien for a debt.
1856 W. R. Fisher Law of Mortgage 3 The Welsh mortgage, by which the estate is conveyed absolutely to the creditor, without condition; the rents and profits being enjoyed by him in lieu of interest.
1866 A. Trollope Belton Estate I. i. 4 Mortgages were paid off the property with his wife's money.
1878 W. S. Jevons Polit. Econ. 84 They can borrow money by the mortgage of the buildings and machinery belonging to the company.
1912 N. M. Woodrow Sally Salt 335 I'll foreclose the mortgages I hold on your patches of ground.
1954 T. S. Eliot Confidential Clerk i. 26 We'd bought our house in Joshua Park (On a mortgage, of course).
1982 H. Wiesner Which? Bk. Saving & Investing v. 67 Government action on mortgages could also influence the way house prices move.
2000 Personal Finance Jan. 22/1 Arrange a mortgage in principle before you start house-hunting.
ΘΚΠ
the mind > language > speech > agreement > security > [noun] > a pledge or security
warrantisea1300
surancec1300
borrow-gage1303
suretyc1330
wage1338
wed1340
again-behotera1382
hostagec1400
sickeringa1450
gage1486
soverty1488
vadimonyc1503
pledge1526
slauntiagh1535
band1596
mortgage1598
ward and warsela1600
covenant1644
guaranty1697
security1711
guaranteeship1715
cautionment1815
guarantee1832
1598 J. Manwood Treat. Lawes Forrest xvi. §11. f. 99v If it be found, that the dogge that was so deliuered to be kept, was a pledge, or a morgage for money.
Phrases
†in mortgage: mortgaged. †to lay in (also to) mortgage, †to set to mortgage: to mortgage. on mortgage: on the security of property, esp. houses or land; to lend on mortgage: to advance (money) with this security.
ΘΚΠ
society > trade and finance > financial dealings > moneylending > [adjective] > secured for a debt or mortgaged
in mortgagea1393
mortgageda1627
society > trade and finance > financial dealings > moneylending > lend (money) [verb (transitive)] > lend on security
to lend on mortgagea1393
advance1529
to take up1888
society > law > legal obligation > bond or recognizance > requiring or giving legal security > legal security [verb (transitive)] > mortgage
wadsetc1330
to lay in (also to) mortgagea1393
to set to mortgagea1393
mortgage1469
gage1474
engage1525
immortgage1575
thirl1582
impignoratea1639
hypothecate1693
society > law > legal obligation > bond or recognizance > requiring or giving legal security > legal security [phrase] > mortgaged
in mortgagea1393
society > trade and finance > management of money > insolvency > indebtedness > [adjective] > encumbered or with dues undischarged
in mortgagea1393
entangled1561
mortgageda1627
dipped1676
encumbered1847
society > trade and finance > management of money > insolvency > indebtedness > owe [verb (transitive)] > encumber (land) with debt
to lay in (also to) mortgagea1393
mortgage1469
entangle1601
encumbera1640
bond1883
a1393 [see sense 1].
1448 M. Paston in Paston Lett. & Papers (2004) I. 222 Þat he wyl sett hys gode to morgage to Heydon.
c1460 (?c1435) J. Lydgate Minor Poems (1934) ii. 666 (MED) My purs and I be callyd to the lure Off indigence, our stuff leyd in morgage.
?a1500 in F. J. Furnivall Polit., Relig., & Love Poems (1866) 44 (MED) Se that the lande be cleere..And whethir it be in any morgage.
1530 W. Tyndale Pract. Prelates sig. Fviiiv Then to do the kinge seruyce the lordes sell or laye their londes to morgage.
c1595 Office Alien. in Bacon's Wks. (1730) III. 559 Sometime the land is given in mortgage only, with full intention to be redeemed within one year.
1680 Revenge; or, Match in Newgate i. 6 He has cozen'd me of an Estate of some two hundred a year..till he had got all my Land in Mortgage; then took the forfeiture, and turn'd me out of doors.
1719 State Trials, Ralegh (1730) I. 209 I knew her own Subjects..would not lend her Majesty Money, without Lands in Mortgage.
1795 R. Hodgkinson Jrnl. 28 Aug. in Lancashire Gentleman (1992) iv. 94 The Est. is not in Mortgage, like the rest & therefore his Client cannot be secured by the rect of the Mortgagees.
1844 J. Williams Real Prop. Law (1845) iv. 295 The larger proportion of the lands in this kingdom is at present in mortgage.
1849 C. Lyell 2nd Visit U.S. II. 62 Those to whom portions of the borrowed money were lent on mortgage.
1870 A. G. L'Estrange Life M. R. Mitford III. vi. 88 The debts [were] paid, and the residue [of the money] placed out on mortgage.
1972 Daily Tel. 4 Nov. 28/4 By lending those funds on mortgage, the [building] societies..pass on the benefit of the short-term cost of money to long-term borrowers.
Compounds
C1. General attributive.
mortgage debt n.
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1840 Penny Cycl. XVI. 422/2 The mortgagee may..by express declaration, convert the mortgage debt into land.
1933 Sun (Baltimore) 5 Apr. 8/2 The indebted farmer gets his mortgage debt scaled down, but with that scaling down the payment of interest again becomes the vogue.
2000 Observer 18 June (Cash section) 17/2 Consider whether you could make regular payments if your debts were ‘capitalised’ and added into your mortgage debt.
mortgage deed n.
ΚΠ
1672 in Essex Inst. Historical Coll. (1920) LVI. 304 Mortgage deed, Theoder Atkinson, sen., of Boston, merchant and felt maker.
1864 Chambers's Encycl. VI. 580/1 The ordinary form of a mortgage-deed resembles an absolute conveyance.
1996 P. Wilde Which? Guide to Renting & Letting (rev. ed.) ii. 32 The power to grant leases is normally excluded by the terms of the mortgage deed.
mortgage lender n.
ΚΠ
1928 Q. Jrnl. Econ. 43 116 A 50 per cent loan has always been considered a maximum by conservative mortgage lenders.
1995 National Mortgage News (Nexis) 22 May 16 Some of the national's leading mortgage lenders are creating ‘blended securities’ that combine affordable housing loans and higher yield jumbo home mortgages.
mortgage lending n.
ΚΠ
1930 Rev. Econ. Statistics 12 25/1 They [sc. officials of building and loan associations] do not expect to be active forces in the mortgage lending market for another two or three months.
1999 Times 3 Aug. 29/1 Competition in mortgage lending has never been more intense.
mortgage loan n.
ΚΠ
1855 Rep. Directors Northampton Coal Co. (Easton, Pa.) 17 Liabilities. Jan. 1, 1848... Mortgage Loan—[$]946,808 56.
1875 Galaxy Apr. 475/1 The estate of his friend might be a gainer and not a loser by reason of the mortgage loan made to Tayler, Magee, and Butler.
2000 Independent 6 Dec. 9/2 Average income multiples—the ratio between a borrower's annual income and the mortgage loan.
mortgage man n.
ΚΠ
1679 J. Allyn Let. 7 July in J. H. Trumbull Public Rec. Colony of Connecticut (1859) III. 273 Or last Generall Court..resolued vigorously to..encourage the planting of the sd country, so as might best accomadate such as would plant there, and the mortgage men also.
1941 D. Glover Recent Poems 36 But all the beautiful crops soon went To the mortgage-man instead.
1963 Jrnl. Finance 18 409 The time may now have arrived..for all good prudent mortgage men to come to the aid of sound mortgage credit.
mortgage money n.
ΘΚΠ
society > trade and finance > financial dealings > borrowing money > [noun] > mortgage money
mortgage money1653
1653 ‘Philostratus Philodemius’ Seasonable Observ. 33 The Surplussage of the Mortgage-money upon an estate Morgaged in Fee-simple, forfeited and redeemed, shall go to the heir, after the Morgagees debts paid.
1703 T. D'Urfey Old Mode & New i. i. 11 Sirrah, pay your Debts, get the Mortgage Money ready.
1858 Ld. St. Leonards Handy Bk. Prop. Law xiv. 92 Unless the mortgagor will pay off the mortgage-money at a short day.
1999 Oxoniensia 63 115 The £600 mortgage money which was awarded to the college.
mortgage payment n.
ΚΠ
1932 Polit. Sci. Q. 47 591 The Industriebank gets ½ of one per cent and the Rentenbank 1/ 10 of one per cent of the yearly mortgage payments.
1995 Which? Feb. 43/1 (caption) He is considering moving to a larger house next year, but is concerned about the new restrictions on income support for mortgage payments should he lose his job.
mortgage repayment n.
ΚΠ
1931 Jrnl. Royal Statist. Soc. 94 184 The advance shareholder is charged an additional ½ or one per cent. in respect of interest during the first four or five years of the mortgage repayment period.
1993 Accountancy Jan. 42 An added protection benefit..which provides for mortgage repayment in the event of the borrower's falling prey to critical illness.
mortgage security n.
ΚΠ
1853 Jrnl. Statist. Soc. 16 140 Richard Wilmot, by his will,..bequeathed to his executors..the sum of 500l..to invest the same in the funds, or on mortgage security.
1994 Star-Ledger (Newark, New Jersey) 24 Apr. iii. 7/2 Principal-only mortgage securities..are derived from basic mortgage-backed securities by putting money representing the principal payment on mortgages into a separate security.
mortgage term n.
ΚΠ
1827 T. Jarman Powell's Ess. Learning of Devises (ed. 3) II. 139 The question was whether a mortgage term passed with copyholds, under a devise of all that his (testator's) estate in Bassey, to M. B. and her heirs.
1994 Toronto Star 28 May (Metro ed.) f21/1 The penalty ranges from three months' interest on what's repaid early, to the..‘interest rate differential’..on the amount prepaid for the rest of the mortgage term.
C2.
mortgage belt n. Australian colloquial a suburban area occupied predominantly by homeowners with mortgages.
ΚΠ
1986 Age (Melbourne) 9 Aug. 20/4 Lack of publicity in the past year about the African drought had affected Project Compassion. Totals were also down in the mortgage belts where young couples were paying high interest rates.
1990 Sun (Brisbane) 20 Sept. 7/2 Mr Green said the increase in those needing help came from the mortgage belt areas..as they suffered under the hike in interest rates.
mortgage bond n. (a) U.S. a bond secured by a mortgage and issued by a mortgage lender; (b) South African a mortgage (sense 2a).
ΘΚΠ
society > trade and finance > stocks and shares > stocks, shares, or bonds > [noun] > bond > types of bond
government securities1707
Sword-blade bond1707
long bond1720
government paper1774
indent1788
premium bond1820
active1835
preference bond1848
investment bond1853
mortgage bond1853
revenue bond1853
municipal bond1858
treasury-bond1858
sices1867
property bond1869
government1870
priority bond1884
municipal1888
income bonds1889
yearling1889
war baby1901
Liberty Bond1917
Liberty Loan1917
victory bond1917
corporate1922
performance bond1938
convertible1957
Eurobond1966
Euroconvertible1968
managed bond1972
muni1973
granny bond1976
bulldog bond1980
Euro1981
granny1981
strip1982
zero1982
society > law > legal obligation > bond or recognizance > requiring or giving legal security > [noun] > legal security > mortgage
wadset1449
mortgagec1450
thirlage1578
hypothec1592
encumber1612
dead-pledge1658
mortgage bond1853
poultice1932
1853 D. F. Campbell tr. M. Chevalier Remarks Production of Precious Metals 84 Avoid what are called cash, and select real, investments. The public funds are of the former category; so also are mortgage bonds.
1869 Overland Monthly May 473/2 A subsequent amendment allowed the companies to issue mortgage bonds to an equal amount.
1913 C. Pettman Africanderisms 28 Kusting or Kustingbrief,..a mortgage bond upon a property.
1971 Progress (Cape Town) May 8/2 What would it cost the man in the street to pay off a mortgage bond on one [such house]?
1994 P. Ormerod Death of Econ. (1995) iv. 69 On a single day in 1985,..Twin City Federal Bank of Minneapolis traded no less than $1.3 billion of mortgage bonds.
mortgage rate n. the rate of interest charged by a mortgagee on a loan secured by mortgage, esp. a common rate of interest on such loans agreed among building societies, etc.
ΘΚΠ
society > trade and finance > financial dealings > moneylending > [noun] > moneylending at interest > interest > rate of interest
prime rate1815
usage1822
mortgage rate1898
savings rate1904
saving rate1905
discount rate1913
base lending rate1933
prime lending rate1951
interest-rate1959
base rate1970
minimum lending rate1972
MLR1972
prime1973
bank rate1974
LIBOR1974
subprime1976
Euribor1997
1898 Jrnl. Polit. Econ. 6 242 The attempt is made to prove that the decline in mortgage rates has not been substantially greater in Massachusetts than in neighboring states.
1935 H. Bellman Thrifty Three Millions xii. 263 The mortgage rate is regarded as being chiefly dominated by the long-term rate of interest.
2000 Daily Tel. 23 Sept. 36/7 The [HSBC] site, which usually carries news of mortgage rates and other dull stuff.
This entry has been updated (OED Third Edition, December 2002; most recently modified version published online March 2022).
mortgagev.
/ˈmɔːɡɪdʒ/, U.S. /ˈmɔrɡɪdʒ/ 1. transitive. To transfer an interest in (property) to another by means of a mortgage (sense 2a); to convey (a house, land, etc.) to a creditor as security for a debt or loan. Also intransitive.In early use chiefly in past participle.
ΘΚΠ
society > law > legal obligation > bond or recognizance > requiring or giving legal security > legal security [verb (transitive)] > mortgage
wadsetc1330
to lay in (also to) mortgagea1393
to set to mortgagea1393
mortgage1469
gage1474
engage1525
immortgage1575
thirl1582
impignoratea1639
hypothecate1693
society > trade and finance > management of money > insolvency > indebtedness > owe [verb (transitive)] > encumber (land) with debt
to lay in (also to) mortgagea1393
mortgage1469
entangle1601
encumbera1640
bond1883
1469 J. Paston in Paston Lett. & Papers (2004) I. 536 And ye wyll send the plate..for to helpe to paye hys dett[ys]... It shall neythyr be morgagyd nor sold.
1530 J. Palsgrave Lesclarcissement 640/2 He hath nat solde his lande out ryght, but he hath mortgaged it for more than it is worthe.
1536 R. Layton Let. in T. Wright Three Chapters Lett. Suppression Monasteries (1843) 93 The howse is in dett gretly, the landes solde and morgagede, the fermes let owte.
1612 T. Dekker If it be not Good ii. ii. 19 This day..a Gallants bound To pay 400. Crownes to free his Landes Fast morgag'de to mee.
1663 A. Cowley Ess. in Verse & Prose (1669) 90 [He] Does like an unthrift morgage his Estate Before it falls into his Hand.
1736 S.-Carolina Gaz. 17 Apr. 4/2 Mr. Joseph Spencer..hath..published his Plantation whereon he dwells for Sale without the Advice or Consent of Col. Thomas Lynch, to whom the said Plantation is mortgaged for a considerable Sum.
1769 W. Robertson Hist. Charles V II. iv. 220 Lannoy, by mortgaging the revenues of Naples, procured some money.
1790 E. Burke Refl. Revol. in France 282 If he wishes to mortgage, he falls the value of his land.
1817 H. Wheaton Rep. Supreme Court U.S. 2 396 If..the debtor has made a bona fide conveyance of his estate to a third person, or has mortgaged it to secure a debt.
1819 Statutes of Realm VI. 405 (margin) Persons having mortgaged and mortgaging again without Notice to the Second..Mortgagee.
1864 Chambers's Encycl. VI. 580/1 In Scotland there is no such practice as mortgaging lands with banks by merely depositing the title-deeds.
1875 M. E. Braddon Strange World I. iv. 64 The Bellingham estate was mortgaged up to the hilt when he inherited it.
1906 L. L. Bell Carolina Lee 293 I could refuse an offer to improve my land, denuded and mortgaged as it is.
1939 Fortune Oct. 126/2 All farms up to 312 acres that are capable of supporting a family can never be mortgaged or sold and must be passed on undivided.
1991 Moneywise Sept. 18/3 The basic home income plan is where the property is mortgaged and the money is used to buy an annuity.
2. transitive. figurative and in extended use. To expose to future risk or constraint for the sake of immediate pleasure or advantage; to give as security, to make liable. Also: to establish a claim on (an income or the like) in advance. Frequently in passive: to be attached, committed, or pledged (esp. to something) in advance.
ΘΚΠ
the mind > language > speech > agreement > security > pledge or deposit as security [verb (transitive)] > secure or confirm by pledge
sicker1338
earnesta1425
mortgage1588
1588 J. Udall Demonstr. Trueth of Discipline sig. A2v Haue you morgaged the saluation of your soules & bodies, for the present fruition of your pompe and plesure?
1590 E. Spenser Faerie Queene i. v. sig. E6 Mortgaging their liues to Couetise.
1609 W. Shakespeare Sonnets cxxxiv. sig. H4v And I my selfe am morgag'd to thy will.
1651 N. Biggs Matæotechnia Medicinæ Praxeωs ⁋290 Morgaged, and benighted to eternall dulnesse.
1712 R. Steele Spectator No. 493. ¶1 When Suitors of no Consideration will have Confidence enough to press upon their Superiors, those in Power..are mortgaged into Promises out of their Impatience of Importunity.
a1732 J. Gay Mad-dog in Poems (1737) II. 67 Gaming succeeds; if fortune crosses, Then virtue's mortgag'd for her losses.
1828 C. Lamb Confessions of Drunkard (rev. ed.) in Elia 2nd Ser. 201 To mortgage miserable morrows for nights of madness.
1838 E. Bulwer-Lytton Alice I. iii. i. 226 His income was already deeply mortgaged.
1838 R. W. Emerson Lit. Ethics (1875) II. 207 The new man must feel that he has not come into the world mortgaged to the opinions and usages of Europe.
1873 M. E. Braddon Strangers & Pilgrims ii. ii. 164 Every man's autumn is mortgaged before the spring is over.
1887 T. H. Huxley in L. Huxley Life & Lett. T. H. Huxley (1900) II. x. 163 What little energy I possess is mortgaged to quite other occupations.
1957 R. Hoggart Uses of Literacy ii. 39 There is in most cases..little room for manœuvre financially..; the housekeeping money is usually ‘mortgaged’ to a penny or so.
1983 A. Bullock Ernest Bevin v. 205 Having mortgaged her future to pay for the war, Britain was on the edge of bankruptcy.
1997 Classic Boat May 31/1 People are again looking for a way to get afloat without mortgaging their soul.
Derivatives
ˈmortgaging n. and adj.
ΘΚΠ
society > law > legal obligation > bond or recognizance > requiring or giving legal security > [noun] > legal security > mortgage > action of mortgaging
wadsettingc1440
mortgaging1606
consignment1622
hypothecation1681
society > law > legal obligation > bond or recognizance > requiring or giving legal security > [adjective] > relating to or of nature of a mortgage > mortgaging
hypothecative1856
mortgaging1892
1606 T. Palmer Ess. Meanes to make Trauailes more Profitable ii. 99 Buying and selling, exchanging, lending, borrowing, mortgaging, pawning.
1696 T. D'Urfey Comical Hist. Don Quixote: 3rd Pt. ii. ii. 14 A Sneak, a Mortgaging Rat; No, I'd have bought his head off, boys.
1768 D. Hume Public Credit in Ess. 208 The abuses of mortgaging are more certain and inevitable.
1892 Daily News 25 Nov. 7/3 Large capitalist houses have continually taken over numbers of farms left by the mortgaging farmers.
1990 Yachting Feb. 16/1 Same-day turnaround for federal documentation and mortgaging of a yacht may not be around the corner.
This entry has been updated (OED Third Edition, December 2002; most recently modified version published online March 2022).
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