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mortgage definition

mort·gage (môrgij)

noun

    1. the pledging of property to a creditor as security for the payment of a debt
    2. such a debt
  1. the deed by which this pledge is made
  2. the claim of the mortgagee on the property

Etymology: OFr morgage, mort gage, lit., dead pledge < mort, dead (see mort) + gage, gage

transitive verb mortgaged -·gaged, mortgaging -·gag·ing

  1. Law to pledge (property) by a mortgage
  2. to put an advance claim or liability on to mortgage one's future

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

Alternate definitions:
mortgage Synonyms

mortgage

n.

lease, title, debt; see contract.

Types of mortgages include: construction, installment, leasehold, anticipating, trust, chattel, first, second.


Webster's New World Roget's A-Z Thesaurus Copyright © 1999 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

mortgage Usage Examples

Converse of object

  • offset: Case study: Happy to be in control Richard Freeman, 38, says he likes the control offered by an offset mortgage.

Adjective modifier

  • interest-only: An interest-only mortgage provides flexibility to the borrower in.. .

Modifies a noun

  • lender: Mortgage lenders do not hesitate to make such claims.

Noun used with modifier

  • repayment: Naturally, the repayment mortgage has become more popular.
mortgage usage examples (more)

The word usage examples above have been gathered from various sources to reflect current and historical usage. They do not represent the opinions of YourDictionary.com.

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MLA Style

"mortgage." Webster's New World College Dictionary. 2009

  • Your Dictionary. 5 July 2009
  • <www.yourdictionary.com/mortgage>

APA Style

mortgage. (2009). In Webster's New World College Dictionary

  • Retrieved July 5th, 2009, from www.yourdictionary.com/mortgage

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