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Meaning of MORTGAGE

Pronunciation:  'morguj

WordNet Dictionary
  1. [n]  a conditional conveyance of property as security for the repayment of a loan
  2. [v]  put up as security or collateral

MORTGAGE is a 8 letter word that starts with M.


 See Also: bond, chattel mortgage, first mortgage, owe, second mortgage, security interest



Webster's 1913 Dictionary
  1. \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.
  2. \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
    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.
Dream Dictionary
 Definition: Dreaming that you hold a mortgage, represents how you utilize your energies and put it to worthy pursuits.
Thesaurus Terms
 Related Terms: adjustment mortgage, antichresis, blanket mortgage, bond, bottomry, bottomry bond, chattel mortgage, closed mortgage, dead pledge, deed of trust, deposit, dip, first mortgage, go bail, handsel, hock, hypothec, hypothecate, hypothecation, impignorate, installment mortgage, leasehold mortgage, lien, living pledge, mortgage deed, mortuum vadium, participating mortgage, pawn, pledge, post, put in hock, put in pawn, put up, second mortgage, security agreement, spout, stake, third mortgage, trust mortgage, vadium mortuum, vadium vivum