Definition of mortgage

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Mortgage (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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Carry :: Carry (v. t.) To bear the charges or burden of holding or having, as stocks, merchandise, etc., from one time to another; as, a merchant is carrying a large stock; a farm carries a mortgage; a broker carries stock for a customer; to carry a life insurance..
Execute :: Execute (v. t.) To complete, as a legal instrument; to perform what is required to give validity to, as by signing and perhaps sealing and delivering; as, to execute a deed, lease, mortgage, will, etc..
Wadset :: Wadset (n.) A kind of pledge or mortgage.
Mortgage :: Mortgage (n.) State of being pledged; as, lands given in mortgage..
Equitable :: Equitable (a.) That can be sustained or made available or effective in a court of equity, or upon principles of equity jurisprudence; as, an equitable estate; equitable assets, assignment, mortgage, etc..
Hypothecate :: Hypothecate (v. t.) To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry..
Redeem :: Redeem (v. t.) To recall, as an estate, or to regain, as mortgaged property, by paying what may be due by force of the mortgage..
Bottomry :: Bottomry (n.) A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and
Encumber :: Encumber (v. t.) To load with debts, or other legal claims; as, to encumber an estate with mortgages..
Mortgage :: Mortgage (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..
Unincumbered :: Unincumbered (a.) Free from any temporary estate or interest, or from mortgage, or other charge or debt; as, an estate unincumbered with dower..
Conveyancer :: Conveyancer (n.) One whose business is to draw up conveyances of property, as deeds, mortgages, leases, etc..
Secure :: Secure (v. t.) To put beyond hazard of losing or of not receiving; to make certain; to assure; to insure; -- frequently with against or from, rarely with of; as, to secure a creditor against loss; to secure a debt by a mortgage..
Mortgagee :: Mortgagee (n.) The person to whom property is mortgaged, or to whom a mortgage is made or given..
Mortgagor :: Mortgagor (n.) One who gives a mortgage.
Cover :: Cover (v. t.) To extend over; to be sufficient for; to comprehend, include, or embrace; to account for or solve; to counterbalance; as, a mortgage which fully covers a sum loaned on it; a law which covers all possible cases of a crime; receipts than do not cover expenses..
Mortgager :: Mortgager (n.) gives a mortgage.
Bond :: Bond (v. t.) To place under the conditions of a bond; to mortgage; to secure the payment of the duties on (goods or merchandise) by giving a bond.
Mortgage :: Mortgage (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..
Foreclosure :: Foreclosure (n.) The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
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