mortgagor
or mort·gag·er
a person who mortgages property.
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Origin of mortgagor
1Words Nearby mortgagor
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use mortgagor in a sentence
Until the mortgagor fails to execute his part of the agreement, he retains possession of the property.
Putnam's Handy Law Book for the Layman | Albert Sidney BollesOn the other hand a somewhat different rule applies between mortgagor and mortgagee.
Putnam's Handy Law Book for the Layman | Albert Sidney BollesIf there is a surplus after satisfying the mortgage debt it must be paid to the mortgagor, or, if he is dead, to his heir.
Putnam's Handy Law Book for the Layman | Albert Sidney BollesIf they are destroyed by fire, the mortgagor cannot claim to have the insurance applied in liquidation of the mortgage debt.
Putnam's Handy Law Book for the Layman | Albert Sidney BollesIf the sums collected from the two sources exceed the amount advanced to the mortgagor that is only the mortgagee's affair.
Putnam's Handy Law Book for the Layman | Albert Sidney Bolles
British Dictionary definitions for mortgagor
mortgager
/ (ˈmɔːɡɪdʒə, ˌmɔːɡɪˈdʒɔː) /
property law a person who borrows money by mortgaging his property to the lender as security
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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