Complete Definition of "mortgage"

wikipedia
English

Etymology
Old French, mort + gage ("dead pledge")

Noun
en-noun

  1. 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.

Translations
trans-top|special form of secured loan
Catalan: hipoteca f
Czech: hypotéka f
Dutch: hypotheek m
Finnish: kiinnitys
French: hypothèque f
German: Hypothek f
Hebrew: �ש�נת� romanization of Hebrew|mashkánta f
Interlingua: hypotheca
trans-mid
Portuguese: hipoteca f
Russian: ипо�ека (ipot'éka) f
Spanish: hipoteca f
trans-bottom

Verb
en-verb|mortgag|ing

  1. As in "to mortgage a property", to borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land.

Translations
trans-top|to borrow against a property
Catalan: hipotecar
Dutch: hypothekeren, lijfrente afsluiten
Finnish: kiinnittää
German: verpfänden
Hebrew: ��ש�� romanization of Hebrew|lemashkén
Interlingua: hypothecar
trans-mid
Portuguese: hipotecar
Spanish: hipotecar
French: hypothéquer
trans-bottom

et:mortgage
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zh:mortgage

Revision and Credits for"mortgage"
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