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
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