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Wadset :: Wadset (n.) A kind of pledge or mortgage.

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

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

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..

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..

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..

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..

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..

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.

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..

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

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..

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

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

Mortgagee :: Mortgagee (n.) The person to whom property is mortgaged, or to whom a mortgage is made or given..

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..

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