Meaning Of The Word Mortgage

Real Dictionary
  1. Real Dictionary
  2. M Words Definitions
  3. Section M-301
  4. Mortgage

What's the definition of Mortgage? Find Mortgage meanings, definitions and more at the Real Dictionary online.

Mortgage Meaning

Mortgage Definition
Mortgage Definition

What's The Definition Of Mortgage?

mortgage
A mortgage is a loan of money which you get from a bank or building society in order to buy a house.

mortgage in American English
the pledging of property to a creditor as security for the payment of a debt
to pledge (property) by a mortgage
noun: a conveyance of an interest in property as security for the repayment of money borrowed
transitive verb: to convey or place (real property) under a mortgage

mortgage in British English
to pledge (a house or other property) as security for the repayment of a loan
adjective: of or relating to a mortgage
noun: 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

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