mortgage n : a conditional conveyance of property as security for the repayment of a loan v : put up as security or collateral

Mortgage \Mort"gage\, v. t. [imp. & p. p. Mortgaged; p. pr. & vb. n. Mortgaging.]
1. (Law) 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.
2. Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation. Mortgaging their lives to covetise. --Spenser. I myself an mortgaged to thy will. --Shak.

Mortgage \Mort"gage\, n. [F. mort-gage; mort dead (L. mortuus) + gage pledge. See Mortal, and Gage.]
1. (Law) 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. Note: It was called a mortgage (or dead pledge) because, whatever profit it might yield, it did not thereby redeem itself, but became lost or dead to the mortgager upon breach of the condition. But in equity a right of redemption is an inseparable incident of a mortgage until the mortgager is debarred by his own laches, or by judicial decree. --Cowell. Kent.
2. State of being pledged; as, lands given in mortgage. Chattel mortgage. See under Chattel. To foreclose a mortgage. See under Foreclose. Mortgage deed (Law), a deed given by way of mortgage.

Record \Re*cord"\ (r?*k?rd"), v. t. [imp. & p. p. Recorded; p. pr. & vb. n. Recording.] [OE. recorden to repeat, remind, F. recorder, fr. L. recordari to remember; pref. re- re- + cor, cordis, the heart or mind. See Cordial, Heart.]

See more meaning on Mortgage...

• Mortgage: Mortgage may refer to: Mortgage loan , a loan secured by a mortgage on real property - Mortgage, a security interest on real property ...
• Mortgage loan: A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the ...
• Mortgage law: A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money. A mortgage in ...
• Mortgage-backed security: A mortgage-backed security (MBS) is an asset-backed security that represents a claim on the cash flow s from mortgage loan s through a ...
• Mortgage insurance: Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors for losses due to the ...
• Mortgage discrimination: Mortgage discrimination or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans ...
• Chattel mortgage: Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived ...
• Subprime mortgage crisis: The US subprime mortgage crisis was one of the first indicators of the 2007–2010 financial crisis , characterized by a rise in subprime ...
• Mortgage broker: A mortgage broker acts as an intermediary who brokers mortgage loan s on behalf of individuals or businesses. Traditionally, banks and ...
• Adjustable-rate mortgage: An adjustable-rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on a variety of ...

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