remortgage

mortgage

[mawr-gij]
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; earlier morgage, Middle English < Old French mortgage, equivalent to mort dead (< Latin mortuus) + gage pledge, gage1

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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Collins
World English Dictionary
mortgage (ˈmɔːɡɪdʒ)
 
n
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
 
vb
5.  to pledge (a house or other property) as security for the repayment of a loan
 
adj
6.  of or relating to a mortgage: a mortgage payment
 
[C14: from Old French, literally: dead pledge, from mort dead + gage security, gage1]
 
'mortgageable
 
adj

remortgage (riːˈmɔːɡɪdʒ)
 
vb
to take out a new or different mortgage on a property

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

mortgage
1390, from O.Fr. morgage (13c.), mort gaige, lit. "dead pledge" (replaced in modern Fr. by hypothèque), from mort "dead" + gage "pledge;" so called because the deal dies either when the debt is paid or when payment fails. O.Fr. mort is from V.L. *mortus "dead," from L. mortuus, pp. of mori "to
die" (see mortal). The verb is first attested 1467.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary
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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