|
WordNet-Online
| ||||
Definitions from the WebMortrageDefinition 1 - NounA mortrage refers to a legal agreement in which a person borrows money from a lender to purchase a property, typically a house or real estate, which is then used as collateral for the loan. The borrower is required to make monthly payments over a predetermined period of time until the debt is fully repaid. Example: John took out a mortrage from the bank to buy his dream home. Definition 2 - VerbTo mortrage means to place a property as collateral against a loan or a debt. It is a process where an individual or entity offers their property for securing a loan or as a guarantee for a financial transaction. Example: The company decided to mortrage their office building to secure funds for expansion. Related ProductsExplore related products on Amazon: | ||||
mortise mortise joint mortley mortlock mortly mortmain morton mortorium mortrage mortuary mortum morula morus morus alba morus nigra morus rubra morutori
|