mortgage


Definition: Meaning of, mortgage in English to English dictionary.

Pronunciation: / ˈmɔːɡɪdʒ /

  • noun
  • synonym
  • antonym
Word Forms:
Singular Plural
mortgage mortgages
[countable]
  1. a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years
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  2. the amount of money you borrow in the form of a mortgage
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  • verb
  • synonym
  • antonym
Word Forms:
Prsesent Past Past Participle
mortgage mortgaged mortgaged
Present Participle Third Person Singular
mortgaging mortgages
[transitive]
  1. if you mortgage your home, land, or property, you borrow money, usually from a bank, and if you cannot pay back the money within a particular period of time, the bank has the right to sell your property in order to get the money you owe it
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  2. mortgage the/somebody's future to borrow money or do something that is likely to cause problems in the future, that other people will have to deal with
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mortgage used in phrases

  • Federal Home Loan Mortgage Corporation (noun)
    1. a corporation authorized by Congress to provide a secondary market for residential mortgages
  • Federal National Mortgage Association (noun)
    1. a federally chartered corporation that purchases mortgages
  • chattel mortgage (noun)
    1. or chattel a loan to buy some personal item; the item is security for the loan
  • first mortgage (noun)
    1. a mortgage that has priority over all mortgages and liens except those imposed by law
  • mortgage application (noun)
    1. an application for a mortgage loan
  • mortgage deed (noun)
    1. law deed embodying a mortgage
  • mortgage holder (noun)
    1. the person who accepts a mortgage
  • mortgage loan (noun)
    1. a loan on real estate that is usually secured by a mortgage
  • mortgage-backed security (noun)
    1. a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government
  • offset mortgage (noun)
    1. a type of MORTGAGE given by banks, in which the money someone has in their bank account is taken away from the amount they owe, reducing the total amount of interest they have to pay
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