Mortgage Definition Noun

Definition and synonyms of mortgage from the online English dictionary from Macmillan Education.. This is the British English definition of mortgage.View American English definition of mortgage.. Change your default dictionary to American English. Noun: 1. mortgage – a conditional conveyance of property as security for the repayment of a loan. security interest – any interest in a property that secures the payment of an obligation. first mortgage – a mortgage that has priority over all mortgages and liens except those imposed by law.

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noun A loan for the purchase of real property, secured by a lien on the property. noun The document specifying the terms and conditions of the repayment of such a loan. noun The repayment obligation associated with such a loan. noun The right to payment associated with such a loan. noun The lien on the property associated with such a loan.

Mortgage definition noun. Definition of mortgage in the Definitions.net dictionary. Meaning of mortgage. What does mortgage mean?. Webster Dictionary (0.00 / 0 votes) Rate this definition: Mortgage (noun) 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. welsh-mortgage definition: Noun (plural Welsh mortgages) 1. A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee wit… Another word for mortgage. Find more ways to say mortgage, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus.

Noun []. mortgage (plural mortgages) A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm landThe assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which. mortgage definition: 1. an agreement that allows you to borrow money from a bank or similar organization, especially in…. Learn more. Mortgage definition is – a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms. How to use mortgage in a sentence.

74 people chose this as the best definition of mortgage: A loan for the purchase o… See the dictionary meaning, pronunciation, and sentence examples. Mortgage definition, a conveyance of an interest in real property as security for the repayment of money borrowed to buy the property; a lien or claim on property such that the lender can take possession if the loan is not repaid. See more. Definition of mortgage interest relief: nouna tax benefit which allows people to pay no tax on mortgage interest payments up to a certain level.. noun. a tax benefit which allows people to pay no tax on mortgage interest payments up to a certain level. Print Cite / Link. Mentioned in these terms.

Mortgage definition: A mortgage is a loan of money which you get from a bank or building society in order to… | Meaning, pronunciation, translations and examples Definition of reverse mortgage written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. mortgage meaning: 1. an agreement that allows you to borrow money from a bank or similar organization, especially in…. Learn more.

‘Obtaining a mortgage anywhere will depend largely on the ability of the borrower to repay the loan.’ 1.2 A deed effecting a mortgage. ‘The piece of paper that documents this pledge is usually called a mortgage or a deed of trust.’ mort·gage (môr′gĭj) n. 1. A loan for the purchase of real property, secured by a lien on the property. 2. The document specifying the terms and conditions of the repayment of such a loan. 3. The repayment obligation associated with such a loan: a family who cannot afford their mortgage. 4. The right to payment associated with such a loan: a bank. mortgage lender: nouna financial institution such as a bank or building society that lends money to people buying property

Definition of mortgage written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. British English: mortgage / ˈmɔːɡɪdʒ / NOUN A mortgage is a loan of money which you get from a bank in order to buy a house. We go to work each day to pay the mortgage. From Longman Dictionary of Contemporary English mortgage mort‧gage 1 / ˈmɔːɡɪdʒ $ ˈmɔːr-/ W3 noun [countable] 1 BFL a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years Your building society or bank will help arrange a mortgage.

A mortgage is a debt instrument that the borrower is obliged to pay back with a predetermined set of payments. Education General. 3-2-1 Buy-Down Mortgage Definition. ‘unlike traditional mortgages, which decline as you pay down the loan, reverse mortgages rise over time as interest on the loan accrues’ ‘A growing number of seniors have been taking out reverse mortgages, borrowing from equity in their homes in lieu of monthly payments on a traditional mortgage, to purchase annuity products.’ Definition of mortgage_1 noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage.

mortgage: 1 n a conditional conveyance of property as security for the repayment of a loan Types: first mortgage a mortgage that has priority over all mortgages and liens except those imposed by law second mortgage a mortgage that is subordinate to a first mortgage chattel mortgage a loan to buy some personal item; the item (or chattel) is.

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