Mortgage
['mɔːgɪdʒ] or ['mɔrɡɪdʒ]
Definition
(noun.) a conditional conveyance of property as security for the repayment of a loan.
(verb.) put up as security or collateral.
Edited by Benson--From WordNet
Definition
(n.) 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.
(n.) State of being pledged; as, lands given in mortgage.
(v. t.) 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.
(v. t.) Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.
Editor: Tod
Synonyms and Synonymous
n. & v. a. Pledge (for the payment of a debt).
Edited by Horace
Definition
n. a conditional conveyance of or lien upon land or other property as security for the performance of some condition as the payment of money becoming void on the performance of the condition: the act of conveying or the deed effecting it.—v.t. to pledge as security for a debt.—ns. Mortgagee′ one to whom a mortgage is made or given; Mort′gager.
Inputed by Ethel
Unserious Contents or Definition
To dream that you give a mortgage on your property, denotes that you are threatened with financial upheavals, which will throw you into embarrassing positions. To take, or hold one, against others, is ominous of adequate wealth to liquidate your obligations. To find yourself reading or examining mortgages, denotes great possibilities before you of love or gain. To lose a mortgage, if it cannot be found again, implies loss and worry.
Inputed by Julio
Unserious Contents or Definition
From Fr. mort, death, and Eng. gag, to choke. A lawyer's invention for choking property to death.
Typist: Ursula
Examples
- Faust advanced Gutenberg the sum of 2,020 florins, taking a mortgage on his printing materials as security. Rupert S. Holland. Historic Inventions.
- Nothing was left save a few acres of ground, and the two-hundred-year-old house, which is itself crushed under a heavy mortgage. Arthur Conan Doyle. The Adventures of Sherlock Holmes.
- The crown might immediately enjoy the revenue which this great price would redeem from mortgage. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The Northern people were tired of the war, they were tired of piling up a debt which would be a further mortgage upon their homes. Ulysses S. Grant. Personal Memoirs of U. S. Grant.
- Sometimes it has made this assignment or mortgage for a short period of time only, a year, or a few years, for example; and sometimes for perpetuity. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- In 1710, those duties were again prolonged to the first of August 1720, and were called the sixth general mortgage or fund. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- She brought me word they had no such sum to spare: I said they might mortgage their house in the loan office. Benjamin Franklin. Memoirs of Benjamin Franklin.
- Two-thirds of my income goes in paying the interest of mortgages. Charlotte Bronte. Jane Eyre.
- These are mortgaged for the interest of the debt contracted, in order to carry it on. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- So, sir, you've been paying ten per cent for money which you've promised to pay off by mortgaging my land when I'm dead and gone, eh? George Eliot. Middlemarch.
Checker: Williams