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mortgage definition

mort·gage (môr′gij)

noun

    1. the pledging of property to a creditor as security for the payment of a debt
    2. such a debt
  2. the deed by which this pledge is made
  3. 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 © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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