a conveyance of an interest in property as security for the repayment of money borrowed.
the deed by which such a transaction is effected.
the rights conferred by it, or the state of the property conveyed.
verb (used with object), mortgaged, mortgaging.
Law. to convey or place (real property) under a mortgage.
to place under advance obligation; pledge: to mortgage one's life to the defense of democracy.

1350–1400; earlier morgage, Middle English < Old French mortgage, equivalent to mort dead (< Latin mortuus) + gage pledge, gage1

overmortgage, verb, overmortgaged, overmortgaging.
remortgage, verb (used with object), remortgaged, remortgaging.
submortgage, noun
unmortgage, verb (used with object), unmortgaged, unmortgaging. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To MORTGAGE
World English Dictionary
mortgage (ˈmɔːɡɪdʒ)
1.  an agreement under which a person borrows money to buy property, esp a house, and the lender may take possession of the property if the borrower fails to repay the money
2.  the deed effecting such an agreement
3.  the loan obtained under such an agreement: a mortgage of £48 000
4.  a regular payment of money borrowed under such an agreement: a mortgage of £247 per month
5.  to pledge (a house or other property) as security for the repayment of a loan
6.  of or relating to a mortgage: a mortgage payment
[C14: from Old French, literally: dead pledge, from mort dead + gage security, gage1]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Word Origin & History

1390, from O.Fr. morgage (13c.), mort gaige, lit. "dead pledge" (replaced in modern Fr. by hypothèque), from mort "dead" + gage "pledge;" so called because the deal dies either when the debt is paid or when payment fails. O.Fr. mort is from V.L. *mortus "dead," from L. mortuus, pp. of mori "to
die" (see mortal). The verb is first attested 1467.
Online Etymology Dictionary, © 2010 Douglas Harper
Cite This Source
American Heritage
Cultural Dictionary
mortgage [(mawr-gij)]

A legal agreement that creates an interest in real estate between a borrower and a lender. Commonly used to purchase homes, mortgages specify the terms by which the purchaser borrows from the lender (usually a bank or a savings and loan association), using his or her title to the house as security for the unpaid balance of the loan.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Example sentences
Student loan deferment options are likewise more generous than a typical credit
  card, mortgage or car loan.
But in order for that to happen, a mortgage broker may have first originated
  that loan, and charged the borrower a fee.
If you continue making payments on the auto loan but stop paying your mortgage,
  then the situation changes.
When you are planning on purchasing a home, the first thing you should do is
  apply for a mortgage loan.
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature