Definition of Mortgage
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(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.
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(n.) State of being pledged; as, lands given in mortgage.
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(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.
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(v. t.) Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.
Synonyms of Mortgage
No Synonyms Found.
Antonyms of Mortgage
No Antonyms Found.
Homophones of Mortgage
No Homophones Found.