a conditional conveyance of property as security for the repayment of a loan
put up as security or collateral
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
Origin: [F. mort-gage; mort dead (L. mortuus) + gage pledge. See Mortal, and Gage.]
Chambers 20th Century Dictionary
mor′gāj, n. a conditional conveyance of or lien upon land or other property as security for the performance of some condition, as the payment of money, becoming void on the performance of the condition: the act of conveying, or the deed effecting it.—v.t. to pledge as security for a debt.—ns. Mortgagee′, one to whom a mortgage is made or given; Mort′gager. [O. Fr., mort, dead, gage, a pledge.]
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.
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
The numerical value of Mortgage in Chaldean Numerology is: 2
The numerical value of Mortgage in Pythagorean Numerology is: 5
Sample Sentences & Example Usage
These are mortgage-backed securities and swaps off mortgage-backed securities, it's not a strategy that anyone can employ.
For people who have the risk tolerance, investing that money rather than paying off the mortgage is fine, but think about what would happen if the investments don’t pan out and you still have to pay your mortgage.
The question of staying versus leaving is shifting. For people who were afraid to leave their mortgage because they thought it was the best they're ever going to get, now there is another good mortgage around the corner.
In my opinion, if we're not helping zloty-denominated mortgage holders (as well), then we can't put the entire burden of helping Swiss franc mortgage holders on banks, i think that if we're going to implement this bill, then we should return to the 50/50 split.
I am years gone from my family and miles away ... but they raid by telephone with jarring suddenness they have the cyclic constancy of a mortgage and they are inevitable and relentless, like the erosion of my remaining youth. Like certain frightening dreams, my family returns.
Images & Illustrations of Mortgage
Translations for Mortgage
From our Multilingual Translation Dictionary
- رهن, رهن عقاريArabic
- ипоте́ка, ипотеки́рамBulgarian
- hipoteca, hipotecarCatalan, Valencian
- arwystlo, gwystloriaeth, morgais, morgeisioWelsh
- verpfänden, eine Hypothek aufnehmen, HypothekGerman
- υποθηκεύω, υποθήκηGreek
- hipoteko, hipotekiEsperanto
- hipotecar, hipotecaSpanish
- hipoteka, hipotekatuBasque
- kiinnelaina, kiinnittää, asuntolainaFinnish
- hypothèque, hypothéquerFrench
- morgaidseScottish Gaelic
- hipoteca, hipotecarGalician
- משכנתא, משכןHebrew
- hypothecar, hypothecaInterlingua
- hipotekizar, hipotekoIdo
- ipoteca, ipotecareItalian
- 住宅ローン, 抵当権, 抵当Japanese
- marwostel, marwostlaCornish
- Hypothéik, hypothekéierenLuxembourgish, Letzeburgesch
- hypotheek, lijfrente afsluiten, hypothekeren, verpandenDutch
- empenhoradura, emprecairada, emprecairarOccitan
- obciążać hipotekę, hipotekaPolish
- hipotecar, hipotecaPortuguese
- ipoteca, prenderRomansh
- хипотека, hipotekaSerbo-Croatian
- hipoteka, zastaviti, zastavitevSlovene
- hipotekë, hipotekojAlbanian
- inteckna, hypotekSwedish
- rehin, ipotek, rehin vermek, tutu, ipotek vermek, tutu vermekTurkish
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