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Definition of Mortgage

Mortgage

  1. 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.
  2. State of being pledged; as, lands given in mortgage.
  3. 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.
  4. Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.

Quotations

More "Mortgage" Quotations

Mortgage Translations

mortgage in Dutch is hypotheek
mortgage in German is Pfand, Hypothek
mortgage in Italian is ipoteca
mortgage in Spanish is hipoteca