mortgage


Also found in: Thesaurus, Medical, Legal, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia.
Related to mortgage: reverse mortgage, Mortgage rates

mort·gage

 (môr′gĭj)
n.
1. A loan for the purchase of real property, secured by a lien on the property.
2. The document specifying the terms and conditions of the repayment of such a loan.
3. The repayment obligation associated with such a loan: a family who cannot afford their mortgage.
4. The right to payment associated with such a loan: a bank that buys mortgages from originators.
5. The lien on the property associated with such a loan.
tr.v. mort·gaged, mort·gag·ing, mort·gag·es
1. To pledge (real property) as the security for a loan.
2. To make subject to a claim or risk; pledge against a doubtful outcome: mortgaged their political careers by taking an unpopular stand.

[Middle English morgage, from Old French : mort, dead (from Vulgar Latin *mortus, from Latin mortuus, past participle of morī, to die; see mer- in Indo-European roots) + gage, pledge (of Germanic origin).]
Word History: In early Anglo-Norman law, property pledged as security for a loan was normally held by the creditor until the debt was repaid. Under this arrangement, the profits or benefits that accrued to the holder of the property could either be applied to the discharge of the principal or taken by the creditor as a form of interest. In his Tractatus de legibus et consuetudinibus regni Angliae (1189), Ranulf de Glanville explains that this latter type of pledge, in which the fruits of the property were taken by the creditor without reduction in the debt, was known by the term mort gage, which in Old French means "dead pledge." Because of Christian prohibitions on profiting from money lending, however, the mortgage was considered a species of usury. The preferred type of pledge, in which the property's profits went to paying off the debt and thus continued to benefit the borrower, was known in Old French by the term vif gage, "living pledge." By the time of the great English jurist Thomas Littleton's Treatise on Tenures (1481), however, the mortgage had evolved into its modern form—a conditional pledge in which the property (and its profits) remain in possession of the debtor during the loan's repayment. This led Littleton and his followers, such as the influential jurist Sir Edward Coke (1552-1634), to explain the mort in mortgage in terms of the permanent loss of the property in the event the borrower fails to repay, rather than of the loss of the profits from the property over the duration of the loan.

mortgage

(ˈmɔːɡɪdʒ)
n
1. (Banking & Finance) an agreement under which a person borrows money to buy property, esp a house, and the lender may take possession of the property if the borrower fails to repay the money
2. (Banking & Finance) the deed effecting such an agreement
3. (Banking & Finance) the loan obtained under such an agreement: a mortgage of £148 000.
4. (Banking & Finance) a regular payment of money borrowed under such an agreement: a mortgage of £447 per month.
vb (tr)
(Banking & Finance) to pledge (a house or other property) as security for the repayment of a loan
adj
(Banking & Finance) of or relating to a mortgage: a mortgage payment.
[C14: from Old French, literally: dead pledge, from mort dead + gage security, gage1]
ˈmortgageable adj

mort•gage

(ˈmɔr gɪdʒ)

n., v. -gaged, -gag•ing. n.
1. a conveyance of an interest in property as security for the repayment of money borrowed.
2. the deed by which such a transaction is effected.
3. the rights conferred by it, or the state of the property conveyed.
v.t.
4. to convey or place (property) under a mortgage.
5. to place under advance obligation; pledge.
[1350–1400; Middle English < Old French mortgage=mort dead (< Latin mortuus) + gage gage1]
mort′gage•a•ble, adj.

mortgage

1. the giving of property, usually real property, as security to a creditor for payment of a debt.
2. the deed pledging the security.
See also: Finance, Property and Ownership

mortgage


Past participle: mortgaged
Gerund: mortgaging

Imperative
mortgage
mortgage
Present
I mortgage
you mortgage
he/she/it mortgages
we mortgage
you mortgage
they mortgage
Preterite
I mortgaged
you mortgaged
he/she/it mortgaged
we mortgaged
you mortgaged
they mortgaged
Present Continuous
I am mortgaging
you are mortgaging
he/she/it is mortgaging
we are mortgaging
you are mortgaging
they are mortgaging
Present Perfect
I have mortgaged
you have mortgaged
he/she/it has mortgaged
we have mortgaged
you have mortgaged
they have mortgaged
Past Continuous
I was mortgaging
you were mortgaging
he/she/it was mortgaging
we were mortgaging
you were mortgaging
they were mortgaging
Past Perfect
I had mortgaged
you had mortgaged
he/she/it had mortgaged
we had mortgaged
you had mortgaged
they had mortgaged
Future
I will mortgage
you will mortgage
he/she/it will mortgage
we will mortgage
you will mortgage
they will mortgage
Future Perfect
I will have mortgaged
you will have mortgaged
he/she/it will have mortgaged
we will have mortgaged
you will have mortgaged
they will have mortgaged
Future Continuous
I will be mortgaging
you will be mortgaging
he/she/it will be mortgaging
we will be mortgaging
you will be mortgaging
they will be mortgaging
Present Perfect Continuous
I have been mortgaging
you have been mortgaging
he/she/it has been mortgaging
we have been mortgaging
you have been mortgaging
they have been mortgaging
Future Perfect Continuous
I will have been mortgaging
you will have been mortgaging
he/she/it will have been mortgaging
we will have been mortgaging
you will have been mortgaging
they will have been mortgaging
Past Perfect Continuous
I had been mortgaging
you had been mortgaging
he/she/it had been mortgaging
we had been mortgaging
you had been mortgaging
they had been mortgaging
Conditional
I would mortgage
you would mortgage
he/she/it would mortgage
we would mortgage
you would mortgage
they would mortgage
Past Conditional
I would have mortgaged
you would have mortgaged
he/she/it would have mortgaged
we would have mortgaged
you would have mortgaged
they would have mortgaged
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.mortgage - a conditional conveyance of property as security for the repayment of a loanmortgage - a conditional conveyance of property as security for the repayment of a loan
security interest - any interest in a property that secures the payment of an obligation
first mortgage - a mortgage that has priority over all mortgages and liens except those imposed by law
second mortgage - a mortgage that is subordinate to a first mortgage
chattel mortgage - a loan to buy some personal item; the item (or chattel) is security for the loan
Verb1.mortgage - put up as security or collateral
owe - be in debt; "She owes me $200"; "I still owe for the car"; "The thesis owes much to his adviser"
bond - issue bonds on

mortgage

verb
To give or deposit as a pawn:
Slang: hock.
Translations
رَهْنرَهْنٌيَرْهَنُيرْهِن
hypotékazastavitzatížit hypotékou
belåneprioritetslån
asuntolainakiinnittää asuntolainalla
hipotekastaviti pod hipoteku
jelzálogjelzáloggal terhel
veîveîsetja
抵当抵当に入れる
주택담보 융자주택을 담보로 융자를 받다
hipotekanekilnojamojo turto įkeitimasuž paskolą įkeisti nekilnojamąjį turtą
hipotēkaieķīlāt
hypotékazaťažiť hypotékou
hipotekaobremeniti s hipotekozastaviti
intecknainteckningslån
การจำนองจำนอง
thế chấp

mortgage

[ˈmɔːgɪdʒ]
A. Nhipoteca f
to pay off a mortgageamortizar or liquidar or redimir una hipoteca
to raise a mortgage; take out a mortgageobtener una hipoteca (on sobre)
B. VThipotecar
C. CPD mortgage bank Nbanco m hipotecario, sociedad f de crédito hipotecario
mortgage broker Nespecialista mf en hipotecas
mortgage company N (US) = mortgage bank mortgage lender Nsociedad f hipotecaria
mortgage loan Npréstamo m hipotecario
mortgage payment Npago m de la hipoteca, plazo m de la hipoteca
mortgage rate Ntipo m de interés hipotecario

mortgage

[ˈmɔːrgɪdʒ]
n
(= loan) → emprunt m immobilier
to have a mortgage → avoir fait un emprunt immobilier
Have you got a mortgage? → Avez-vous fait un emprunt immobilier?
to take out a mortgage → faire un emprunt immobilier
vt [+ house, home] → hypothéquer mortgage rate, mortgage lendermortgage company n (US)société f de crédit immobilier

mortgage

nHypothek f (→ on auf +acc/dat); a mortgage for £50,000/for that amounteine Hypothek über or von £ 50.000/über diesen Betrag
vt house, landhypothekarisch belasten; to mortgage one’s future (fig)sich (dat)die or seine Zukunft verbauen

mortgage

:
mortgage bond
n(Hypotheken)pfandbrief m
mortgage deed
n (Jur)

mortgage

[ˈmɔːgɪdʒ]
1. n (in house buying) → mutuo ipotecario; (second loan) → ipoteca
to take out a mortgage → contrarre un mutuo (or un'ipoteca)
to pay off a mortgage → pagare un mutuo (or un'ipoteca)
2. vtipotecare

mortgage

(ˈmoːgidʒ) noun
a legal agreement by which a sum of money is lent for the purpose of buying buildings, land etc.
verb
to offer (buildings etc) as security for a loan.

mortgage

رَهْنٌ, يَرْهَنُ hypotéka, zatížit hypotékou belåne, prioritetslån Hypothek, hypothekarisch belasten υποθηκεύω, υποθήκη hipoteca, hipotecar asuntolaina, kiinnittää asuntolainalla hypothéquer, prêt immobilier hipoteka, staviti pod hipoteku ipotecare, mutuo 抵当, 抵当に入れる 주택담보 융자, 주택을 담보로 융자를 받다 hypotheek, hypothekeren belåne, pantelån oddać w zastaw hipoteczny, zastaw hipoteczny hipoteca, hipotecar закладывать, ипотека inteckna, inteckningslån การจำนอง, จำนอง konut kredisi, konut kredisi almak thế chấp 抵押, 购房按揭
References in classic literature ?
Shimerda: he was unable to meet a note which fell due on the first of November; had to pay an exorbitant bonus on renewing it, and to give a mortgage on his pigs and horses and even his milk cow.
Haley has come into possession of a mortgage, which, if I don't clear off with him directly, will take everything before it.
We build our churches almost without regard to cost; we rear an edifice which is an adornment to the town, and we gild it, and fresco it, and mortgage it, and do everything we can think of to perfect it, and then spoil it all by putting a bell on it which afflicts everybody who hears it, giving some the headache, others St.
But it's finished, that's one comfort, and we'll have a lovely time when we're all grown up and the mortgage is paid off.
To the eye it is fair enough, here; but seen in its integrity, under the sky, and by the daylight, it is a crumbling tower of waste, mismanagement, extortion, debt, mortgage, oppression, hunger, nakedness, and suffering.
But these shares do not represent wealth actually in existence; they are a mortgage on the labor of unborn generations of laborers, who must work to keep me and mine in idleness and luxury.
To save the boy, I had to sell my lands and mortgage my ancestral castle; and this not being enough, in the end I have had to borrow money, at a ruinous interest, from my lord of Hereford.
We make in our case a deposit, on a mortgage, which is an advance, as you see, since we gain at least ten, fifteen, twenty, or a hundred livres' worth of iron in exchange for our money.
I have heard my grandfather say that old Peter gave his father a mortgage of this very house and land, to raise cash for his silly project.
Ay, at seven per cent a month with a mortgage on the unborn calf,' said a young Dogra, soldier going south on leave; and they all laughed.
He had condescended to mortgage as far as he had the power, but he would never condescend to sell.
By giving a chattel mortgage on their growing wheat, they borrowed enough, at twenty per cent, to buy seed corn and a plow.