Definition of Mortgage by Merriam-Webster


mortgage | ˈMȯr-gij How to pronounce mortgage (audio)

1 1 : transportation (see transport sense 2a) of or pledge against assets (such as to guarantee a loan) that become void upon payment or performance, according to the terms stipulated

took one mortgage to buy the house

2an : the instrument that proves the mortgage

ç : the interest of mortgage lender on that property

Paula Fonseca