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Definition of mortgage
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of mortgage is as below...
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..
Lern More About Mortgage
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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..
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..
Re-demption
::
Re-demption
(n.) The
liberation
of an
estate
from a
mortgage,
or the
taking
back of
property
mortgaged,
upon
performance
of the terms or
conditions
on which it was
conveyed;
also, the right of
redeeming
and
reentering
upon an
estate
mortgaged.
See
Equity
of
redemption,
under
Equity..
Mortgagee
::
Mortgagee
(n.) The
person
to whom
property
is
mortgaged,
or to whom a
mortgage
is made or
given..
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..
Conveyance
::
Conveyance
(n.) The act by which the title to
property,
esp. real
estate,
is
transferred;
transfer
of
ownership;
an
instrument
in
writing
(as a deed or
mortgage),
by which the title to
property
is
conveyed
from one
person
to
another..
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..
Vadium
::
Vadium
(n.)
Pledge;
security;
bail. See
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..
Conveyancer
::
Conveyancer
(n.) One whose
business
is to draw up
conveyances
of
property,
as
deeds,
mortgages,
leases,
etc..
Mortgage
::
Mortgage
(n.) State of being
pledged;
as, lands given in
mortgage..
Unincumbered
::
Unincumbered
(a.) Free from any
temporary
estate
or
interest,
or from
mortgage,
or other
charge
or debt; as, an
estate
unincumbered
with
dower..
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
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..
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..
Dip
::
Dip (v. t.) To
engage
as a
pledge;
to
mortgage.
Mortgager
::
Mortgager
(n.) gives a
mortgage.
Mortgagor
::
Mortgagor
(n.) One who gives a
mortgage.
Foreclosure
::
Foreclosure
(n.) The act or
process
of
foreclosing;
a
proceeding
which bars or
extinguishes
a
mortgager's
right of
redeeming
a
mortgaged
estate.
Stranger
::
Stranger
(n.) One not privy or party an act,
contract,
or
title;
a mere
intruder
or
intermeddler;
one who
interferes
without
right;
as,
actual
possession
of land gives a good title
against
a
stranger
having
no
title;
as to
strangers,
a
mortgage
is
considered
merely
as a
pledge;
a mere
stranger
to the
levy..
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