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Mortgage meaning

mortgage - 7 dictionary results

  1. 1. A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
  2. 2. State of being pledged; as, lands given in mortgage.
  3. 3. To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
  4. 4. Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.
  5. 5. A loan in which the borrower puts up the title to real estate as security ( collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender can foreclose on the real estate and have it sold to pay off the loan.
  6. 6. Pledge of property as security for a debt.
  7. 7. To pledge by mortgage.

mortgage - examples of usage

  1. The money he made he put out at interest on mortgage of real property, and it brought in about 4 per cent. - "Hodge and His Masters", Richard Jefferies.
  2. If satisfied of the security, would you lend out the money on mortgage with a person who has the chance of setting up himself in an old- established business?" - "The Devil's Garden", W. B. Maxwell.
  3. As old as the mortgage on the farm business. - "Garrison's Finish A Romance of the Race-Course", W. B. M. Ferguson.
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