The debt load is so vast that every asset of the club—including its training ground—has been mortgaged.
So I mortgaged my place here in LA and bought an apartment there.
On the other hand, if they lose their bid to unseat Obama, they will have mortgaged their future for nothing at all.
This has all been done relatively quietly while politicians have mortgaged our futures.
After discovering Celine in 1981, Angelil mortgaged his home to produce her first record.
His life is not entirely his own to lose: he has mortgaged it as it were on behalf of another.
Some are not sold outright, but are mortgaged to pay off a loan.
Frank mortgaged a farm; Will Cary did the same (having some land of his own from his mother).
The farm was poor and was mortgaged, and empty-handed I turned away.
They understand he is mortgaged over head and ears and is continually dabbling with money-lenders.
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.
late 15c., from mortgage (n.). Related: Mortgaged; mortgaging.
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.