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mortgage

[mawr-gij] /ˈmɔr gɪdʒ/
noun
1.
a conveyance of an interest in property as security for the repayment of money borrowed.
2.
the deed by which such a transaction is effected.
3.
the rights conferred by it, or the state of the property conveyed.
verb (used with object), mortgaged, mortgaging.
4.
Law. to convey or place (real property) under a mortgage.
5.
to place under advance obligation; pledge:
to mortgage one's life to the defense of democracy.
Origin
1350-1400
1350-1400; earlier morgage, Middle English < Old French mortgage, equivalent to mort dead (< Latin mortuus) + gage pledge, gage1
Related forms
overmortgage, verb, overmortgaged, overmortgaging.
remortgage, verb (used with object), remortgaged, remortgaging.
submortgage, noun
unmortgage, verb (used with object), unmortgaged, unmortgaging.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for mortgage
  • 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.
  • Having a preapproved mortgage loan has many advantages.
  • Of course they mortgage the future for a chance to get some free agents.
  • Byers wants to buy the house, but he has only $2000 in cash and can borrow only $10000 on a first mortgage.
  • Because overspending isn't the only way to mortgage the future.
  • High home prices require bigger mortgages, with higher rates.
  • Second, there is a misunderstanding of what a mortgage or other secured loan is.
British Dictionary definitions for mortgage

mortgage

/ˈmɔːɡɪdʒ/
noun
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
verb (transitive)
5.
to pledge (a house or other property) as security for the repayment of a loan
adjective
6.
of or relating to a mortgage: a mortgage payment
Derived Forms
mortgageable, adjective
Word Origin
C14: from Old French, literally: dead pledge, from mort dead + gage security, gage1
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for mortgage
n.

late 14c., morgage, "conveyance of property as security for a loan or agreement," from Old French morgage (13c.), mort gaige, literally "dead pledge" (replaced in modern Frech by hypothèque), from mort "dead" (see mortal (adj.)) + gage "pledge" (see wage (n.)). So called because the deal dies either when the debt is paid or when payment fails. Old French mort is from Vulgar Latin *mortus "dead," from Latin mortuus, past participle of mori "to die" (see mortal (adj.)). The -t- restored in English based on Latin.

v.

late 15c., from mortgage (n.). Related: Mortgaged; mortgaging.

Online Etymology Dictionary, © 2010 Douglas Harper
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mortgage in Culture
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.
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