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Meaning & Definition of Mortgage in English

English

Mortgage

/mɔrgəʤ/

noun

1. A conditional conveyance of property as security for the repayment of a loan

    synonym:
  • mortgage

verb

1. Put up as security or collateral

    synonym:
  • mortgage

Examples of using

When Tom lost his job, he couldn't keep up his mortgage repayments and he was threatened with foreclosure.