mortgagee

mortgagee

[mawr-guh-jee]
noun
a person to whom property is mortgaged.

Origin:
1575–85; mortgage + -ee

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World English Dictionary
mortgagee (ˌmɔːɡɪˈdʒiː)
 
n
1.  the party to a mortgage who makes the loan
2.  a person who holds mortgaged property as security for repayment of a loan

Collins English Dictionary - Complete & Unabridged 10th Edition
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Etymonline
Word Origin & History

mortgagee
1580s, from mortgage + -ee.
Online Etymology Dictionary, © 2010 Douglas Harper
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