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unmortgaged

 - 5 dictionary results

mort⋅gage

  [mawr-gij] noun, verb, -gaged, -gag⋅ing.
Use unmortgaged in a Sentence
–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)
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, ME < OF mortgage, equiv. to mort dead (< L mortuus) + gage pledge, gage 1
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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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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Word Origin & History

mortgage  (n.)
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, © 2001 Douglas Harper
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Financial Dictionary

mortgage

A pledge of specific property as security for a loan. See also first mortgage, reverse annuity mortgage, second mortgage.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: mortgage
Function: transitive verb
Inflected Forms: mort·gaged; mort·gag·ing
1 : to grant or convey by a mortgage <mortgaged the property to the bank>
2 : to encumber with a mortgage
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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