mortgage
- mortgage
1. noun /ˈmɔː.ɡɪdʒ,ˈmɔɹ.ɡɪdʒ/
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.
2. verb /ˈmɔː.ɡɪdʒ,ˈmɔɹ.ɡɪdʒ/
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.
Wikipedia foundation.
:
Look at other dictionaries:
Mortgage — (ипотека) право получить удовлетворение за счет недвижимости, выступающей в качестве обеспечения кредита … Ипотека. Словарь терминов
mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… … Law dictionary
Mortgage — Mort gage (m[^o]r g[asl]j; 48), n. [F. mort gage; mort dead (L. mortuus) + gage pledge. See {Mortal}, and {Gage}.] 1. (Law) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to… … The Collaborative International Dictionary of English
Mortgage — kann bezeichnen: Mortgage (England und Wales), eine Sicherheit für eine Forderung nach englischem Recht Mortgage (Vereinigte Staaten), eine Sicherheit für eine Forderung nach US amerikanischem Recht Mort gage, in der französischen… … Deutsch Wikipedia
mortgage — [môr′gij] n. [OFr morgage, mort gage, lit., dead pledge < mort, dead (see MORT1) + gage,GAGE1] 1. a) the pledging of property to a creditor as security for the payment of a debt b) such a debt 2 … English World dictionary
mortgage — Note the spelling with t . The lender in a mortgage contract is called the mortgagee, and the borrower the mortgager (or in legal work, mortgagor) … Modern English usage
Mortgage — Mort gage, v. t. [imp. & p. p. {Mortgaged}; p. pr. & vb. n. {Mortgaging}.] 1. (Law) To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to … The Collaborative International Dictionary of English
mortgage — An interest given on real property to guarantee the payment of a debt or execution of some action. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
mortgage — (izg. mòrgidž) m DEFINICIJA term. poseban pravni institut engleskoga prava; hipoteka, zalog, založena imovina ETIMOLOGIJA engl. ← stfr. ← mort: mrtav (← lat. mortuus: mrtav) + gage: zalog, jamstvo … Hrvatski jezični portal
mortgage — [n] loan agreement contract, debt, deed, homeowner’s loan, pledge, title; concept 332 … New thesaurus
mortgage — ► NOUN 1) a legal agreement by which a person takes out a loan using as security real property (usually a house which is being purchased). 2) an amount of money borrowed or lent under such an agreement. ► VERB ▪ transfer the title to (a property) … English terms dictionary
