mortgage meaning
EN
[ˈmɔː.ɡɪdʒ] [ˈmɔɹ.ɡɪdʒ] 
US - NounPLmortgagesSUF-age
- (law) 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.
- We're renting a property in the city centre because we can't afford to get a mortgage yet.
- (obsolete) State of being pledged.
- lands given in mortgage
- (law) 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.
- VerbSGmortgagesPRmortgagingPT, PPmortgaged
- (transitive, law) 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; to pledge a property in order to get a loan.
- to mortgage a property, an estate, a shop
- We mortgaged our house in order to start a company.
- (transitive, figuratively) To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
- She mortgaged her future for the pleasures of the relationship with the sculptor, a relationship she knew would be short.
- (transitive, law) 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; to pledge a property in order to get a loan.
- More Examples
- Used in the Middle of Sentence
- If I was to lose my job and not be able to pay my mortgage they would take my house away, they wouldnae say, 'Well, sorry about that but here's a big payoff anyway.
- The taxability of forgiven debt is set to become a pressing issue as more homeowners fall behind on their mortgages and face foreclosure.
- Applicants receive debt and mortgage counseling, and are prequalified for mortgages.
- Used in the Ending of Sentence
- They have to move out of their house because the bank foreclosed on their mortgage.
- Applicants receive debt and mortgage counseling, and are prequalified for mortgages.
- Opting out of prescreened offers of credit might also be useful when you apply for a mortgage.
- Used in the Middle of Sentence
Definition of mortgage in English Dictionary
- Part-of-Speech Hierarchy
- Nouns
- Countable nouns
- Countable nouns
- Verbs
- Transitive verbs
- Transitive verbs
- Nouns
- en mortgagee
- en mortgager
- en mortgaged
- en mortgages
- en mortgagees
Source: Wiktionary
Grammatically, this word "mortgage" is a noun, more specifically, a countable noun. It's also a verb, more specifically, a transitive verb.