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Wikipedia

English[]

Pronunciation[]

  • (US) IPA: /moɹ'gədʒ/, /moɹ'gɛdʒ/, /moɹ'gɪdʒ/
  • noicon
    (file)

Etymology[]

1390, Old French mortgage, from mort (dead) + gage (pledge). Verb attested 1467.[1]

Noun[]

Singular
Mortgage

Plural
{{{1}}}

Mortgage ({{{1}}})

  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.

Translations[]

Verb[]

Infinitive
to Mortgage

Third person singular
mortgag

Simple past
-

Past participle
-

Present participle
ing

to Mortgage (third-person singular simple present mortgag, present participle ing, simple past and past participle -)

  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.

Related terms[]

  • mortgagee
  • mortgager

Translations[]

References[]

  1. Template:R:Online Etymology Dictionary

ca:mortgage et:mortgage el:mortgage fr:mortgage gl:mortgage io:mortgage it:mortgage kn:mortgage hu:mortgage ml:mortgage pl:mortgage pt:mortgage ru:mortgage simple:mortgage fi:mortgage ta:mortgage te:mortgage tr:mortgage vi:mortgage zh:mortgage

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