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mortgage
mortgage definition
mort·gage (môr′gij)
noun
- the pledging of property to a creditor as security for the payment of a debt
- such a debt
- the deed by which this pledge is made
- 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
- Law to pledge (property) by a mortgage
- to put an advance claim or liability on to mortgage one's future
Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
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