What does mortgage mean?

Definitions for mortgage
ˈmɔr gɪdʒmort·gage

This dictionary definitions page includes all the possible meanings, example usage and translations of the word mortgage.

Princeton's WordNet

  1. mortgageverb

    a conditional conveyance of property as security for the repayment of a loan

  2. mortgageverb

    put up as security or collateral

Wiktionary

  1. mortgagenoun

    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.

  2. mortgageverb

    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.

  3. Etymology: From mortgage, mortgage, from mort gage, after mortuum vadium.

Samuel Johnson's Dictionary

  1. Mortgagenoun

    Etymology: mort and gage, French.

    Th’ estate runs out, and mortgages are made,
    Their fortune ruin’d, and their fame betray’d. Dryden.

    The Romans do not seem to have known the secret of paper credit, and securities upon mortgages. Arbuthnot.

    The broker,
    Bent on some mortgage, to avoid reproach,
    He seeks bye-streets, and saves th’ expensive coach. John Gay.

    The land is given in mortgage only, with full intention to be redeemed within one year. Francis Bacon, Office of Alienation.

  2. To Mortgageverb

    To pledge; to put to pledge; to make over to a creditor as a security.

    Etymology: from the noun.

    Let men contrive how they disentangle their mortgaged souls. Decay of Piety.

    They make the widows mortgag’d ox their prey. George Sandys.

    Their not abating of their expensive way of living, has forced them to mortgage their best manors. Arbuthnot.

ChatGPT

  1. mortgage

    A mortgage is a legal agreement or loan contract, in which a bank or financial institution lends money to a borrower, typically to buy property or real estate. The borrower agrees to pay back the loan, plus interest, over a set period of time, and the property or real estate is used as collateral or security for the loan. If the borrower fails to repay the loan, the lender has the right to take possession of the property.

Webster Dictionary

  1. Mortgagenoun

    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

  2. Mortgagenoun

    state of being pledged; as, lands given in mortgage

  3. Mortgageverb

    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

  4. Mortgageverb

    hence: To pledge, either literally or figuratively; to make subject to a claim or obligation

  5. Etymology: [F. mort-gage; mort dead (L. mortuus) + gage pledge. See Mortal, and Gage.]

Chambers 20th Century Dictionary

  1. Mortgage

    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

  1. Mortgage

    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

  1. MORTGAGE

    From Fr. _mort_, death, and Eng. _gag_, to choke. A lawyer's invention for choking property to death.

Dictionary of Nautical Terms

  1. mortgage

    A registered ship, or share therein, which has been made a security for a money-loan, or other valuable consideration, is termed a mortgage in the Merchant Shipping Act.

Suggested Resources

  1. mortgage

    This free and simple mortgage calculator lets you estimate your monthly house payment, including principal and interest, taxes and insurance costs.

Matched Categories

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'mortgage' in Spoken Corpus Frequency: #3696

  2. Written Corpus Frequency

    Rank popularity for the word 'mortgage' in Written Corpus Frequency: #1753

  3. Nouns Frequency

    Rank popularity for the word 'mortgage' in Nouns Frequency: #1265

How to pronounce mortgage?

How to say mortgage in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of mortgage in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of mortgage in Pythagorean Numerology is: 5

Examples of mortgage in a Sentence

  1. Lawrence Yun:

    Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.

  2. Forrest Severson:

    I was forced to medically retire after sustaining several injuries in Korea. Both Sarah and I had many fears about paying off our new mortgage we were facing many financial burdens since we were not anticipating Forrest needing to retire early.

  3. George Ratiu:

    The Freddie Mac fixed rate for a 30-year loan has been moving up and down in the 6% to 7% range since September 2022 when it crossed the 6% threshold for the first time in 14 years, mortgage rates have mirrored the volatility in the 10-year Treasury, as investors wrangle mixed expectations amid an inflow of new economic numbers.

  4. Craig Brimhall:

    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.

  5. Joel Kan:

    Investors are contemplating the risks of the recent resurgence of Covid-19 cases to the labor market and economy, and Treasury rates and mortgage rates are moving lower as a result, the weakening in activity is potentially a signal that pent-up demand is starting to wane and that low housing supply is limiting prospective buyers' options.

Popularity rank by frequency of use

mortgage#1#1085#10000

Translations for mortgage

From our Multilingual Translation Dictionary

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"mortgage." Definitions.net. STANDS4 LLC, 2024. Web. 26 May 2024. <https://www.definitions.net/definition/mortgage>.

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