Associations to the word «Mortgage»


MORTGAGE, noun. (legal) 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.
MORTGAGE, noun. (obsolete) State of being pledged.
MORTGAGE, verb. (transitive) (legal) 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; to pledge a property in order to get a loan.
MORTGAGE, verb. (transitive) (figurative) To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
MORTGAGE BELT, noun. (AU) The residential suburbs that have a high concentration of families mortgaging their homes.
MORTGAGE BOND, noun. (finance) A bond secured by a lien on real estate.
MORTGAGE BONDS, noun. Plural of mortgage bond
MORTGAGE LENDER, noun. Any financial institution that obtains its profit by lending mortgages for the purchase of property
MORTGAGE LENDER, noun. (British) Any former mutual building society that is now a bank

Dictionary definition

MORTGAGE, noun. A conditional conveyance of property as security for the repayment of a loan.
MORTGAGE, verb. Put up as security or collateral.

Wise words

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Victor Hugo