mortgage (Meaning)
mortgage (n)
a conditional conveyance of property as security for the repayment of a loan
mortgage (v)
put up as security or collateral
mortgage (n.)
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.
State of being pledged; as, lands given in mortgage.
mortgage (v. t.)
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.
Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.
Synonyms & Antonyms of mortgage
mortgage Sentence Examples
- The mortgage application process was lengthy and required extensive documentation.
- The mortgage payments were a significant portion of their monthly expenses.
- The couple opted for a fixed-rate mortgage to ensure stable payments.
- The homeowners refinanced their mortgage to take advantage of lower interest rates.
- The lender approved the mortgage contingent upon a home inspection.
- The mortgage agreement outlined the terms of the loan and the repayment schedule.
- The foreclosure proceedings resulted from the failure to make mortgage payments.
- The government provided assistance to homeowners in danger of losing their homes due to mortgage defaults.
- The mortgage broker guided the buyers through the process of obtaining financing.
- The mortgage company sent regular statements with details of the loan balance and payments.
FAQs About the word mortgage
a conditional conveyance of property as security for the repayment of a loan, put up as security or collateralA conveyance of property, upon condition, as secur
commit, pledge, promise, engage, vow,troth, plight, contract, sign up,enrol
renege, renege,,
The mortgage application process was lengthy and required extensive documentation.
The mortgage payments were a significant portion of their monthly expenses.
The couple opted for a fixed-rate mortgage to ensure stable payments.
The homeowners refinanced their mortgage to take advantage of lower interest rates.
