noun, verb
noun (also informal home loan) a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years; the sum of money that you borrow:
to apply for / take out / pay off a mortgage * mortgage rates (= of interest) * a mortgage on the house * a mortgage of ｣60000 * monthly mortgage repayments
verb [VN] to give a bank, etc. the legal right to own your house, land, etc. if you do not pay the money back that you have borrowed from the bank to buy the house or land:
He had to mortgage his house to pay his legal costs.
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About this entry
This is a English–English dictionary entry.
Sourced from Main Dictionary in Lughet's collection.
This word also appears under other sources in Lughet's collection — see the list below.
This entry for mortgage is sourced from Main Dictionary, one of the dictionaries and corpora merged into Lughet.
Does mortgage appear elsewhere on Lughet?
Yes — mortgage appears under other sources or language pairs in Lughet's collection. See the list below.
What is Lughet?
Lughet is a free trilingual dictionary covering nearly five million entries across Uyghur, Chinese, and English, drawn from more than ten source dictionaries and corpora.
