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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..

Mortgaged :: Mortgaged (imp. & p. p.) of Mortgag.

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..

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

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

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

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..

Foreclosure :: Foreclosure (n.) The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.

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

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

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..

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..

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

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..

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

Unincumbered :: Unincumbered (a.) Free from any temporary estate or interest, or from mortgage, or other charge or debt; as, an estate unincumbered with dower..

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

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..

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