Mortgage

Mortgage
Mortgage Mort"gage (m[^o]r"g[asl]j; 48), n. [F. mort-gage; mort dead (L. mortuus) + gage pledge. See {Mortal}, and {Gage}.] 1. (Law) 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. [1913 Webster]

Note: It was called a mortgage (or dead pledge) because, whatever profit it might yield, it did not thereby redeem itself, but became lost or dead to the mortgager upon breach of the condition. But in equity a right of redemption is an inseparable incident of a mortgage until the mortgager is debarred by his own laches, or by judicial decree. --Cowell. --Kent. [1913 Webster]

2. State of being pledged; as, lands given in mortgage. [1913 Webster]

{Chattel mortgage}. See under {Chattel}.

{To foreclose a mortgage}. See under {Foreclose}.

{Mortgage deed} (Law), a deed given by way of mortgage. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Игры ⚽ Поможем написать реферат
Synonyms:
(for the payment of a debt)


Look at other dictionaries:

  • Mortgage — (ипотека) право получить удовлетворение за счет недвижимости, выступающей в качестве обеспечения кредита …   Ипотека. Словарь терминов

  • mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… …   Law dictionary

  • Mortgage — kann bezeichnen: Mortgage (England und Wales), eine Sicherheit für eine Forderung nach englischem Recht Mortgage (Vereinigte Staaten), eine Sicherheit für eine Forderung nach US amerikanischem Recht Mort gage, in der französischen… …   Deutsch Wikipedia

  • mortgage — [môr′gij] n. [OFr morgage, mort gage, lit., dead pledge < mort, dead (see MORT1) + gage,GAGE1] 1. a) the pledging of property to a creditor as security for the payment of a debt b) such a debt 2 …   English World dictionary

  • mortgage — Note the spelling with t . The lender in a mortgage contract is called the mortgagee, and the borrower the mortgager (or in legal work, mortgagor) …   Modern English usage

  • Mortgage — Mort gage, v. t. [imp. & p. p. {Mortgaged}; p. pr. & vb. n. {Mortgaging}.] 1. (Law) 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 Collaborative International Dictionary of English

  • mortgage — An interest given on real property to guarantee the payment of a debt or execution of some action. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • mortgage — (izg. mòrgidž) m DEFINICIJA term. poseban pravni institut engleskoga prava; hipoteka, zalog, založena imovina ETIMOLOGIJA engl. ← stfr. ← mort: mrtav (← lat. mortuus: mrtav) + gage: zalog, jamstvo …   Hrvatski jezični portal

  • mortgage — [n] loan agreement contract, debt, deed, homeowner’s loan, pledge, title; concept 332 …   New thesaurus

  • mortgage — ► NOUN 1) a legal agreement by which a person takes out a loan using as security real property (usually a house which is being purchased). 2) an amount of money borrowed or lent under such an agreement. ► VERB ▪ transfer the title to (a property) …   English terms dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”