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
Origin:
OFr morgage, mort gage, lit., dead pledge < mort, dead (see mort) + gage, gage
transitive verb mortgaged, mortgaging
- Law to pledge (property) by a mortgage
- to put an advance claim or liability on: to mortgage one's future