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mort·gage
 mortgage
- pronunciation:
- mor
gihj
- parts of speech:
- noun, transitive verb
| part of speech: |
noun |
| definition 1: |
a written agreement by which a lender holds a claim to property until a debt is repaid.
They needed to obtain a mortgage from the bank in order to purchase the house.- similar words:
- bond, contract, warrant
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| definition 2: |
the claim or obligation thus documented.
- similar words:
- assurance, collateral, encumbrance, guarantee, lien, pledge, surety, warrant
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| part of speech: |
transitive verb |
| inflections: |
mortgaged, mortgages, mortgaging |
| definition: |
to transfer a claim to (property) with a mortgage agreement; pledge.
- synonyms:
- pledge
- similar words:
- hock, pawn, stake
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