a conveyance of an interest in real property as security for the repayment of money borrowed to buy the property; a lien or claim on property such that the lender can take possession if the loan is not repaid.
the deed by which such a transaction is effected.
the rights conferred by such a transaction, or the state of the property conveyed: The bank holds a mortgage on his farm.I own a house under mortgage.
the total loan obtained or the periodic installment to be paid under such a transaction:They took out a $500,000 mortgage.
the obligation to repay such a loan; the debt incurred.
an advance obligation or pledge, usually involving some risk: Without good maternity care, some babies will be born with a long-term mortgage on their future health.
verb (used with object),mort·gaged,mort·gag·ing.
to convey or place (real property) under a mortgage.
to place under advance obligation; to pledge, usually taking on some risk: to mortgage one's life to the defense of democracy.
Origin of mortgage
First recorded in 1350–1400; earlier morgage,Middle English, from Old French mortgage, equivalent to mort “dead” (from Latin mortuus ) + gage “pledge”; see 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,nounun·mort·gage,verb (used with object),un·mort·gaged,un·mort·gag·ing.
Words nearby mortgage
mortal mind, mortal sin, mortal sin/venial sin, mortar, mortarboard, mortgage, mortgage bond, mortgagee, mortgagee clause, mortgage rate, mortgagor
Lockdowns prevented customers from visiting banks, law offices, and mortgage brokers, so borrowers shopped online and signed their mortgage notes at virtual closings.
First he took energy trading and the NYSE electronic. Now Jeff Sprecher of ICE shares his plans to digitize your mortgage|Shawn Tully|September 2, 2020|Fortune
Profiteers caused the mortgage meltdown and the prescription opioid crisis, and they’ve evaded taxes and deprived communities of public funds for education, public health, and infrastructure.
9 new books to read in September|Rachel King|September 1, 2020|Fortune
In one example, Hyatt outlined how call analytics could integrate with a Google Ad campaign that directs people to a landing page with an application for something like a mortgage or auto loan.
Call analytics: How they can drive down costs and improve search conversions|The Content Studio @ Search Engine Land|August 26, 2020|Search Engine Land
The subprime mortgage crisis triggered the global financial crisis, and the markets tanked in the autumn of 2008.
Big Tech is driving the markets rally. There are fresh doubts that trade will hold up|Bernhard Warner|August 26, 2020|Fortune
In Ohio, 23 percent of people said they couldn’t make their rent or mortgage payment last month or had little or no confidence they’d make it this month.
Sunday Magazine: A World in Need|Daniel Malloy|August 16, 2020|Ozy
She also insists she was not “financially involved” with the down payment or mortgage payments on the property.
The Crazy Oregon Governor Race Just Got Crazier|Tim Mak|October 14, 2014|DAILY BEAST
In a few sentences, as though discussing the closing of a mortgage, they have given away France.
The Deadly Trap Behind D-Day’s Beaches|Clive Irving|June 5, 2014|DAILY BEAST
Using the diet will, according to low-fat diet doctor Dean Ornish, “mortgage your health.”
Everything You Know About Fat Is Wrong|Daniela Drake|May 7, 2014|DAILY BEAST
After that, Sloan became “cash-poor” and was unable to afford the mortgage for her $1.4 million Manhattan apartment.
Selena Gomez, Macaulay Culkin, and More Stars Who Divorce Their Parents|Marina Watts|April 12, 2014|DAILY BEAST
That summer, the CFPB used online feedback to redesign the mortgage disclosure form.
How the Government Can Avoid Another HealthCare.gov Debacle|Alexander B. Howard|November 18, 2013|DAILY BEAST
The mortgage they had to work off was a stump; but faith and Luclarion's dairy did it.
Real Folks|Mrs. A. D. T. Whitney
I am grieved at what you tell me about the mortgage on Eltondale.
Manners, Vol 2 of 3|Frances Brooke
His friends will endorse his notes and take a mortgage on the store, for they know it's a good payin' business.
Quincy Adams Sawyer and Mason's Corner Folks|Charles Felton Pidgin
Another profitable investment for money is to be found, in Sydney, in the way of mortgage.
Trade and Travel in the Far East|G. F. Davidson
Not rich, with that last payment on the mortgage looming ahead.
Walter and the Wireless|Sara Ware Bassett
British Dictionary definitions for mortgage
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 agreementa mortgage of £48 000
a regular payment of money borrowed under such an agreementa 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 mortgagea mortgage payment
Derived forms of mortgage
mortgageable, adjective
Word Origin for mortgage
C14: from Old French, literally: dead pledge, from mort dead + gage security, gage1
Did You Know How This Word Was Formed?Words are funny things. Here are some that might not mean what you thought ... at least when they were originally formed.
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Words related to mortgage
debt, contract, deed, pledge, title
Cultural definitions for mortgage
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.