Mortgage

Word MORTGAGE
Character 8
Hyphenation mort gage
Pronunciations /ˈmɔː.ɡɪdʒ/

Definitions and meanings of "Mortgage"

What do we mean by mortgage?

A loan for the purchase of real property, secured by a lien on the property. noun

The document specifying the terms and conditions of the repayment of such a loan. noun

The repayment obligation associated with such a loan. noun

The right to payment associated with such a loan. noun

The lien on the property associated with such a loan. noun

To pledge (real property) as the security for a loan. transitive verb

To make subject to a claim or risk; pledge against a doubtful outcome. transitive verb

At common law (and according to the present rule in some of the United States, and in form in nearly all, if not all, the States), a conveyance of real estate or some interest therein, defeasible upon the payment of money or the performance of some other condition. noun

By the law of most of the United States, a lien or charge upon specific property, real or personal, created by what purports to be an express transfer of title, with or without possession, but accompanied by a condition that the transfer shall be void if in due time the money be paid or the thing done to secure which the transfer is given. noun

A state or condition resembling that of mortgaged property. noun

To grant (land, houses, or other immovable property) as security for money lent or contracted to be paid, or other obligation, on condition that if the obligation shall be discharged according to the contract the grant shall be void, otherwise it shall remain in full force. See mortgage, n., 1.

To pledge; make liable; put to pledge; make liable for the payment of any debt or expenditure; put in a position similar to that of being pledged.

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. transitive verb

Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation. transitive verb

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. noun

State of being pledged. noun

See under Chattel. noun

See under Foreclose. noun

A deed given by way of mortgage. noun

A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered. noun

A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.

State of being pledged.

Middle class slavery. Investment bankers buy your home loans and manage you like cattle to make even more undeserved money. For some reason people are satisfied with the illusion that they own a small plot of land with a small box on it. Sure you can make a profit if you know how to flip real estate, but good luck paying your sub-prime mortgage with the job you just loss thanks to this fucked up economy. Urban Dictionary

Possible root from the French verb "mourir" meaning to die. The English word "mortgage" refers a home owner's loan that is usually with you until you die. Usage of the French root is supposed to make it sound fancier than "loan" - but it doesn't really. Urban Dictionary

Another name for your wife or husband. Urban Dictionary

A legally binding contract that allows a financial institution to rape you every month for the next 20-30 years. In return, you get the privilege of maintaining a dwelling out of your own pocket without actually owning it. Urban Dictionary

That weight around your neck that will never be alleviated until you (1) DIE or (2) eventually pay off by the time you are 107. Urban Dictionary

1) A loan against your property 2) Something that a homeowner might possess in his bid to own a home good and proper. Often to alleviate damage to his property incurred through it being 'owned' Urban Dictionary

The only reason you own a home. Urban Dictionary

A slang expression based on the length of time of financing for the average home loan, generally 15 to 30 years, used to denote a specific period of time generally associated with a lengthy jail or prison sentence. Urban Dictionary

To be completely drunk Urban Dictionary

1. A golden mortgage occurs when a bank or mortgage company allows the homeowner to sell their property for an amount that is lower than what is owed on the loan, then micturates on the newly dispossessed homeowner. 2. Rejected title revision for a song by a New York City rock band that takes its name from audio compressor settings. 3. A charge widely believed to be included in a sealed indictment against the R&B singer/songwriter R. Kelly. Urban Dictionary

Synonyms and Antonyms for Mortgage

The word "mortgage" in example sentences

Throughout this discussion, the term mortgage fraud is intended to encompass predatory lending practices as well. ❋ Unknown (2008)

- The term mortgage-related assets means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008. ❋ Unknown (2008)

The primacy of a mortgage is an ancient aspect of our law. ❋ Unknown (2009)

Now banks are scavenging what I have left in savings and calling it "fees", my mortgage is about ready to fall in default for a second time, and a law firm is threatening a lein against my condo because I have fallen behind on HOA fee payments. ❋ Unknown (2009)

Giving home buyers information on how to consider the costs of the house they buy beyond the mortgage is a worthy public service. ❋ Unknown (2010)

On the lender's balance sheet, the mortgage is an asset. ❋ Unknown (2009)

The fact that he got a better deal on his mortgage is a testament his good credit and competitive mortgage market. ❋ Unknown (2008)

As a mortgage is a non-recourse loan they can't pursue me for the $150,000 difference. ❋ Xtra (2008)

He's an accountant, but Rodriguez had to learn what a mortgage is and how to prepare myself to make the mortgage payment, and the insurance you have to have, and how everything works, how the closing comes about, the steps you have to take to secure the property, the contract agreement. ❋ Unknown (2006)

He's suing major lenders, trying to create what he calls a mortgage sanctuary in his city. ❋ Unknown (2008)

So she wants legal clarity for what you call the mortgage services. ❋ Unknown (2008)

He says that he wants San Diego to become what he calls a mortgage sanctuary, and he's trying to persuade lenders to negotiate instead of foreclosing. ❋ Unknown (2008)

They repackaged them, they re-bundle them, and sell them to other investors as what we call mortgage-backed securities. ❋ Unknown (2008)

Now, if you've paid off your loan in full already, you can still get what they call mortgage satisfaction documents from the company, even if it is out of business. ❋ Unknown (2007)

WILLIS: We've been talking on our show for quite some time now about what we call mortgage meltdown. ❋ Unknown (2007)

MASON: Not only is everybody's situation different, but there's been a tremendous variation in the use of what we call mortgage loans. ❋ Unknown (2007)

‘Word History: The great jurist Sir Edward Coke, who lived from 1552 to 1634, has explained why the term mortgage comes from the Old French words mort, “dead,” and gage, “pledge.” ❋ Unknown (2009)

The idea that widespread securitization of iffy mortgages might bring down the whole economy or result in the loss of 8 million jobs was given short shrift, though some members, including Susan Bies, expressed misgivings over what she called the mortgage sector's "growing ingenuity." ❋ Unknown (2012)

Millions felt entitled to live in [gaudy] McMansions they couldn't afford for the life they though they were entitled to. [Bankers] took advantage of these people, thus the [sub-prime] mortgage crisis. ❋ Captainao (2009)

J'ai [mort] - meaning "[I am dead]" I have a mortgage - meaning "My social life is dead [b/c] I own a house" ❋ Money Maid (2004)

I'd better make this [the last] [beer], [it's time] I got home to the mortgage. ❋ Jay Woo (2005)

1. So [what'll] it be this month Honey, pay the [mortgage] or get the driveway fixed? 2. I used to have [disposable income]. Now I have a mortgage instead. ❋ HighwayRobber (2015)

[I would] [enjoy] life but I have a [mortgage]. ❋ Lord Meatclown (2003)

Have you always had a [mortgage], or [did you] used to like [girls]? ❋ Big Jim (2003)

I just [closed] on my [mortgage]. I'll be moving in to my new home [next week]. ❋ Nudebuddah (2010)

I heard Kenneth went to court last week thinking he was going to [get off with] a light sentence or even probation. With all the stuff he was into and all the trouble he's caused, I wasn't a bit surprised to hear the judge [mortgaged] his ass to the state [penitentiary]. ❋ Who 'Dis? Who 'Dat? (2021)

I was [mortgaged] [last night]. ❋ Dalore (2005)

With his credit in Jeopardy, Archibald reluctantly donned a [slicker] and accepted a [golden mortgage]. The songwriter was shrewdly advised that, whatever he did, he must not change the name of his song to "[Golden Mortgage]." Requesting a golden mortgage, the accused allegedly genuflected and looked into the eyes of his [stylist's] niece with pity and longing. ❋ A Tabak (2008)

Cross Reference for Mortgage

What does mortgage mean?

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