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1mortgage

noun mort·gage \ˈmȯr-gij\

: a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years

Full Definition of MORTGAGE

1
:  a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
2
a :  the instrument evidencing the mortgage
b :  the state of the property so mortgaged
c :  the interest of the mortgagee in such property
See mortgage defined for English-language learners
See mortgage defined for kids
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Origin of MORTGAGE

Middle English morgage, from Anglo-French mortgage, from mort dead (from Latin mortuus) + gage gage — more at murder
First Known Use: 15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

2mortgage

verb

: to give someone a legal claim on (property that you own) in exchange for money that you will pay back over a period of years

mort·gagedmort·gag·ing

Full Definition of MORTGAGE

transitive verb
1
:  to grant or convey by a mortgage
2
:  to subject to a claim or obligation :  pledge
See mortgage defined for English-language learners

First Known Use of MORTGAGE

15th century

Related to MORTGAGE

Synonyms
commit, engage, pledge, troth

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer
MORTGAGE Defined for Kids

1mortgage

noun mort·gage \ˈmȯr-gij\

Definition of MORTGAGE for Kids

1
:  a transfer of rights to a piece of property (as a house) that is usually in return for a loan of money and that is canceled when the loan is paid
2
:  the document recording such a transfer

2mortgage

verb
mort·gagedmort·gag·ing

Definition of MORTGAGE for Kids

:  to transfer rights to a piece of property in return for a loan of money with the understanding that the rights end when the loan is paid

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32 ENTRIES FOUND:
  1. mortgage
  2. mortgage bond
  3. mortgage clause
  4. mortgage deed
  5. mortgage guarantee bond
  6. mortgage insurance
  7. mortgage loan
  8. mortgage redemption insurance
  9. adjustable rate mortgage
  10. blanket mortgage
  11. chattel mortgage
  12. closed mortgage
  13. collateralized mortgage obligation
  14. contributory mortgage
  15. conventional mortgage
  16. equitable mortgage
  17. first mortgage
  18. general mortgage
  19. installment mortgage
  20. junior mortgage
  21. leasehold mortgage
  22. open-end mortgage
  23. package mortgage
  24. participating mortgage
  25. parti-mortgage certificate
  26. purchase-money mortgage
  27. reverse mortgage
  28. second mortgage
  29. third mortgage
  30. trust mortgage
Next Word in the Dictionary: mortgageePrevious Word in the Dictionary: mortarmanAll Words Near: mortgage
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