mortgage
|mort/gage|
🇺🇸
/ˈmɔːrɡɪdʒ/
🇬🇧
/ˈmɔːɡɪdʒ/
secured loan
Etymology
'mortgage' originates from Old French, specifically the word 'mort gage', where 'mort' meant 'dead' and 'gage' meant 'pledge'.
'mort gage' transformed into the Middle English word 'mortgage', and eventually became the modern English word 'mortgage'.
Initially, it meant 'a dead pledge', but over time it evolved into its current meaning of 'a loan secured by property'.
Meanings by Part of Speech
Noun 1
a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
They took out a mortgage to buy their house.
Synonyms
Verb 1
to convey (a property) to a creditor as security on a loan.
They mortgaged their home to finance their business.
Synonyms
Idioms
Last updated: 2025/01/11 11:40