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Definitions from the Web

mortgage

Part of Speech: noun

Sense: A legal agreement by which a bank or other creditor lends money at interest in exchange for taking the title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Sample Sentence: John took out a mortgage to finance the purchase of his new house.

Sense: The debt incurred from the borrowing of money through a mortgage.

Sample Sentence: Sarah has been struggling to keep up with her mortgage payments.

Part of Speech: verb

Sense: To borrow money from a bank or other creditor, using property as collateral.

Sample Sentence: They decided to mortgage their house to finance their new business venture.

Sense: To pledge or offer property as collateral for a loan.

Sample Sentence: He mortgaged his car to secure a loan for his daughter's college education.

Possible Related Products on Amazon:

• Mortgage Books
• Mortgage Calculator
• Mortgage Guides