English definition of Mortgage

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Definition of mortgage

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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..

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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..

Mortgager :: Mortgager (n.) gives a mortgage.

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..

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..

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..

Dip :: Dip (v. t.) To engage as a pledge; to 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..

Mortgage :: Mortgage (v. t.) Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation..

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..

Mortgageor :: Mortgageor (n.) Alt. of Mortgago.

Dismortgage :: Dismortgage (v. t.) To redeem from mortgage.

Mortgage :: Mortgage (n.) State of being pledged; as, lands given in mortgage..

Conveyancer :: Conveyancer (n.) One whose business is to draw up conveyances of property, as deeds, mortgages, leases, etc..

Mortgagor :: Mortgagor (n.) One who gives a mortgage.

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..

Vadium :: Vadium (n.) Pledge; security; bail. See Mortgage.

Encumber :: Encumber (v. t.) To load with debts, or other legal claims; as, to encumber an estate with mortgages..

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..

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.

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..