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mortgagee
 

Definitions from WordNet

Noun mortgagee has 1 sense
  1. mortgagee, mortgage holder - the person who accepts a mortgage; "the bank became our mortgagee when it accepted our mortgage on our new home"
    --1 is a kind of creditor
    Derived form: verb mortgage1

Definitions from the Web

Mortgagee

Noun:

  1. A person or entity who lends money to a borrower for the purpose of purchasing property, thus holding a legal interest in that property until the debt is fully repaid.

Example sentences:

  • The mortgagee has the right to foreclose on the property if the borrower defaults on the loan.
  • As a mortgagee, the bank held the title to the house until the homeowner paid off their mortgage.

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