Google
 

AllWords.com Home

English Dictionary - With Multi-Lingual Search

  
Definitions
mortgage Twit Definition of mortgage Share Definition of mortgage on Facebook Digg:Definition of mortgage! stumble Definition of mortgage Bookmark Definition of mortgage on Delicious submit Definition of mortgage to reddit Bookmark Definition of mortgage
noun 
  1. A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
verb (mortgag, ing)
  1. As in "to mortgage a property", to borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land.
Etymology: Old French, mort + gage ("dead pledge")

     Source Definition of mortgageFull Definition of mortgage
  

 Find:
  Words Starting With:
  Words Ending With:
  Words Containing:
  Words That Match:

 
 Translate Into:
  
Dutch   French   German
  
Italian   Spanish
    Show results per page.

Google
 

Browse the Dictionary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 
  

   
Dictionary content provided from Wiktionary.org under the GNU Free Documentation License
Allwords Copyright 1998-2010 Allsites LLC. All rights reserved.