Definition of Mortgage. Meaning of Mortgage. Synonyms of Mortgage

Here you will find one or more explanations in English for the word Mortgage. Also in the bottom left of the page several parts of wikipedia pages related to the word Mortgage and, of course, Mortgage synonyms and on the right images related to the word Mortgage.

Definition of Mortgage

Mortgage
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 contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption. 2. Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation. Mortgaging their lives to covetise. --Spenser. I myself an mortgaged to thy will. --Shak.
Mortgage
Mortgage Mort"gage, 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 become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made. Note: It was called a mortgage (or dead pledge) because, whatever profit it might yield, it did not thereby redeem itself, but became lost or dead to the mortgager upon breach of the condition. But in equity a right of redemption is an inseparable incident of a mortgage until the mortgager is debarred by his own laches, or by judicial decree. --Cowell. Kent. 2. State of being pledged; as, lands given in mortgage. Chattel mortgage. See under Chattel. To foreclose a mortgage. See under Foreclose. Mortgage deed (Law), a deed given by way of mortgage.
mortgage
Record Re*cord" (r?*k?rd"), v. t. [imp. & p. p. Recorded; p. pr. & vb. n. Recording.] [OE. recorden to repeat, remind, F. recorder, fr. L. recordari to remember; pref. re- re- + cor, cordis, the heart or mind. See Cordial, Heart.] 1. To recall to mind; to recollect; to remember; to meditate. [Obs.] ``I it you record.' --Chaucer. 2. To repeat; to recite; to sing or play. [Obs.] They longed to see the day, to hear the lark Record her hymns, and chant her carols blest. --Fairfax. 3. To preserve the memory of, by committing to writing, to printing, to inscription, or the like; to make note of; to write or enter in a book or on parchment, for the purpose of preserving authentic evidence of; to register; to enroll; as, to record the proceedings of a court; to record historical events. Those things that are recorded of him . . . are written in the chronicles of the kings. --1 Esd. i. 42. To record a deed, mortgage, lease, etc., to have a copy of the same entered in the records of the office designated by law, for the information of the public.

Meaning of Mortgage from wikipedia

- A mortgage loan, or simply mortgage (/ˈmɔːrɡɪdʒ/), is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...
- A reverse mortgage is a mortgage loan, usually secured over a residential property, that enables the borrower to access the unen****bered value of the property...
- A mortgage-backed security (MBS) is a type of ****et-backed security (an 'instrument') which is secured by a mortgage or collection of mortgages. The mortgages...
- Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing...
- A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions...
- second mortgage is a lien on a property which is subordinate to a more senior mortgage or loan. Called lien holders positioning, the second mortgage falls...
- A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money. A mortgage in itself is not a debt...
- The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of...
- The Federal National Mortgage ****ociation (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968...
- Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law...
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