Definition of Mortgage

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Mortgage

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.

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.

Related Definitions:

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Mortgage Quotations

When the congregation becomes the norm by which sermons are measured, a minister has put a mortgage on his soul.
Ralph W. Sockman

Because when we think about the real facts: 44 million Americans without health insurance, millions without jobs, a 50-year high on mortgage foreclosures, an historic high the third year in a row on personal bankruptcies.
Chaka Fattah

They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
Franklin Raines

Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.
Franklin Raines

Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.
Franklin Raines

Even the once simple home mortgage now has so many flavors and styles and variations that it is difficult for people to make a decision.
Scott Cook

We think if the economy remains weak that we could see mortgage rates trail down and we think that we could see rates below seven percent into early next year.
Franklin Raines

I have never had another job and I don't have a mortgage.
Alison Moyet

We will not, on the altar of money, mortgage our conscience, mortgage our faith, mortgage our salvation.
Peter Akinola

But the advice was not taken - Johnstone did emigrate to Canada, and did mortgage his pension; and I fear - though I failed to trace his after history - that he suffered in consequence.
Hugh Miller

Mortgage Translations

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

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