An instrument that creates a voluntarylien on real property to secure repaymentof a debt. The parties to a mortgage are themortgagor (borrower) and mortgagee (lender).
Merriam-Webster Online Dictionarymortgage (noun)
a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
a) the instrument evidencing the mortgage
b) the state of the property so - mortgaged
c) the interest of the in such property - mortgagee
to grant or convey by a mortgage
to subject to a claim or obligation - pledge
Merriam-Webster Online Thesaurusmortgage (verb)
to obligate by prior agreement
SYNONYMS:commit, engage, mortgage, troth
RELATED WORDS:affiance, betroth, plight, promise, swear, vow; contract, enlist, enroll ( enrol), sign on, sign up; overcommit
Risk Free Exam Pass Guarantee
We guarantee to help you pass the Real Estate Salesperson or Broker exams. And if you don’t pass we will refund you in full.