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..

Lern More About Mortgage

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..
Encumber :: Encumber (v. t.) To load with debts, or other legal claims; as, to encumber an estate with mortgages..
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..
Foreclosure :: Foreclosure (n.) The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
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
Mortgageor :: Mortgageor (n.) Alt. of Mortgago.
Dip :: Dip (v. t.) To engage as a pledge; to 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..
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..
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..
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.
Mortgagee :: Mortgagee (n.) The person to whom property is mortgaged, or to whom a mortgage is made or given..
Mortgager :: Mortgager (n.) gives a mortgage.
Mortgaged :: Mortgaged (imp. & p. p.) of Mortgag.
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..
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..
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..
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