mortgage
n. conditional conveyance of property as for security on a loan; pledging, lien v. sign over property to a creditor as security for money that is owed; obligate | ||||
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Mortgages definition was found in categories: Language, Idioms & Slang(1) Encyclopedia(1)
Mortgages Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
mortgage
Noun
1. a conditional conveyance of property as security for the repayment of a loan
(hypernym) security interest
(hyponym) first mortgage
Verb
1. put up as security or collateral
(hypernym) owe
(hyponym) bond
(derivation) mortgagee, mortgage holder
Noun
1. a conditional conveyance of property as security for the repayment of a loan
(hypernym) security interest
(hyponym) first mortgage
Verb
1. put up as security or collateral
(hypernym) owe
(hyponym) bond
(derivation) mortgagee, mortgage holder
Mortgages Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Mortgage
The term mortgage (from Law French, lit. dead pledge) refers to the legal device used for this purpose, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan.
In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately. See mortgage loan for residential mortgage lending, and commercial mortgage for lending against commercial property.
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