Definitions for Mortgageˈmɔr gɪdʒ
This page provides all possible meanings and translations of the word Mortgage
Random House Webster's College Dictionary
mort•gageˈmɔr gɪdʒ(n.; v.)-gaged, -gag•ing.
(n.)a conveyance of an interest in property as security for the repayment of money borrowed.
Category: Law, Business
the deed by which such a transaction is effected.
the rights conferred by it, or the state of the property conveyed.
(v.t.)to convey or place (property) under a mortgage.
to place under advance obligation; pledge.
Origin of mortgage:
1350–1400; ME < OF mortgage=mort dead (< L mortuus) +gagegage1
a conditional conveyance of property as security for the repayment of a loan
put up as security or collateral
Kernerman English Learner's Dictionary
a loan used to buy a house
to take out a mortgage
to give possession of sth you own to a bank in exchange for a loan
to mortgage a house
A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
We're renting a property in the city centre because we can't afford to get a mortgage yet.
As in "to mortgage a property", to borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land.
Origin: From mortgage, mortgage, from mort gage, after mortuum vadium.
a conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made
state of being pledged; as, lands given in mortgage
to grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption
hence: To pledge, either literally or figuratively; to make subject to a claim or obligation
The Nuttall Encyclopedia
a deed conveying property to a creditor as security for the payment of a debt, the person to whom it is given being called the Mortgagee.
The Foolish Dictionary, by Gideon Wurdz
From Fr. _mort_, death, and Eng. _gag_, to choke. A lawyer's invention for choking property to death.
A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money. A mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. The word is a Law French term meaning "dead pledge," originally only referring to the Welsh mortgage, but in the later Middle Ages was applied to all gages and reinterpreted by folk etymology to mean that the pledge ends either when the obligation is fulfilled or the property is taken through foreclosure. In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than on other property and in some jurisdictions only land may be mortgaged. A mortgage is the standard method by which individuals and businesses can purchase real estate without the need to pay the full value immediately from their own resources.
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'Mortgage' in Spoken Corpus Frequency: #3696
Written Corpus Frequency
Rank popularity for the word 'Mortgage' in Written Corpus Frequency: #1753
Rank popularity for the word 'Mortgage' in Nouns Frequency: #1265
Translations for Mortgage
Kernerman English Multilingual Dictionary
a legal agreement by which a sum of money is lent for the purpose of buying buildings, land etc.
- hipotecaPortuguese (BR)
- die HypothekGerman
- گرو گذاشتنFarsi
- बंधक, गिरवीHindi
- (양도) 저당Korean
- hipoteka, nekilnojamojo turtoįkeitimasLithuanian
- gadai janjiMalay
- pant i fast eiendom, (første/annen) prioritetNorwegian
- گرو گذاشتنPersian
- ګرو كيښودلPashto
- ипотека, закладнаяRussian
- inteckning, hypotekSwedish
- 抵押契據Chinese (Trad.)
- заставна; закладнаUkrainian
- văn tự thế chấpVietnamese
- 抵押契据Chinese (Simp.)
Get even more translations for Mortgage »
Find a translation for the Mortgage definition in other languages:
Select another language: