one to whom property is mortgaged
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Mortgagee Definition from Language, Idioms & Slang Dictionaries & Glossaries
(n.)
The person to whom property is mortgaged, or to whom a mortgage is made or given.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter. AboutThe person to whom property is mortgaged, or to whom a mortgage is made or given.
mortgagee
\mort`ga*gee"\ (?), n. (law) the person to whom property is mortgaged, or to whom a mortgage is made or given. [
Noun
1. the person who accepts a mortgage; "the bank became our mortgagee when it accepted our mortgage on our new home"
(synonym) mortgage holder
(hypernym) creditor
(derivation) mortgage
Mortgagee Definition from Business & Finance Dictionaries & Glossaries
The lender of a loan secured by property.
Copyright © 2000, Campbell R. Harvey. All Rights Reserved.
The institution, group or individual that lends money on the security of pledged real estate; commonly called the lender.
The lender in a mortgage agreement.
Mike WagnerMortgagee Definition from Encyclopedia Dictionaries & Glossaries
A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money. A mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.
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Mortgagee Definition from Law Dictionaries & Glossaries
MORTGAGEE - He to whom a mortgage is made.
He is entitled to the payment of the money secured to him by the mortgage; he has the legal estate in the land mortgaged, and may recover it in ejectment, on the other hand he cannot commit waste, he cannot make leases to the injury of the mortgagor, and he must account for the profits he receives out of the thing mortgaged when in possession.
MORTGAGOR - He who makes a mortgage.
He has rights, and is liable to certain duties as such. 1. He is quasi tenant, at will; he is entitled to an equity of redemption after forfeiture. 2. He cannot commit waste, nor make a lease injurious to the mortgagee. As between the mortgagor and third persons, the mortgagor is owner of the land. He can, however, do nothing which will defeat the rights of the mortgagee, as, to make a lease to bind him.
This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.
Courtesy of the 'Lectric Law Library.He is entitled to the payment of the money secured to him by the mortgage; he has the legal estate in the land mortgaged, and may recover it in ejectment, on the other hand he cannot commit waste, he cannot make leases to the injury of the mortgagor, and he must account for the profits he receives out of the thing mortgaged when in possession.
MORTGAGOR - He who makes a mortgage.
He has rights, and is liable to certain duties as such. 1. He is quasi tenant, at will; he is entitled to an equity of redemption after forfeiture. 2. He cannot commit waste, nor make a lease injurious to the mortgagee. As between the mortgagor and third persons, the mortgagor is owner of the land. He can, however, do nothing which will defeat the rights of the mortgagee, as, to make a lease to bind him.
This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.
The party that advances the loan
By Her Majesty's Courts Service. Published under Crown Copyright.Mortgagee Definition from Sports Dictionaries & Glossaries
Somebody who has a maritime mortgage over a ship.
