mortgagor(redirected from mortgagers)
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mort·ga·gor(môr′gĭ-jôr′, môr′gĭ-jər) also mort·gag·er (môr′gĭ-jər)
One that mortgages property, usually the nominal owner entitled to use of the property.
mortgagor(ˈmɔːɡɪdʒə; ˌmɔːɡɪˈdʒɔː) or
(Law) property law a person who borrows money by mortgaging his or her property to the lender as security
or mort•gag•er(ˈmɔr gə dʒər)
a person who mortgages property.
a person who mortgages property or gives the property as security; the borrower in a mortgage transaction.See also: Property and Ownership
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|Noun||1.||mortgagor - the person who gives a mortgage in return for money to be repaid; "we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home"|