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 Dictionary
mortgage (noun)
1.
a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
2.
a) the instrument evidencing the mortgage
b) the state of the property so - mortgaged
c) the interest of the in such property - mortgagee
mortgage (verb)
transitive verb
1.
to grant or convey by a mortgage
2.
to subject to a claim or obligation - pledge
Merriam-Webster Online Thesaurus
mortgage (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
NEAR ANTONYMS:
renege
Related Articles:
« Back to Glossary Index
Exam Pass Guarantee

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.