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- pronunciation:
- mor
gihj
- features:
- Word Combinations (noun), Word Parts
| part of speech: |
noun |
| definition: |
a written agreement by which an institution, such as a bank, agrees to lend money so you can buy a property. The institution holds a claim to this property until you pay back all the money.
Most people sign a mortgage when they buy a home.- similar words:
- bond, contract, warrant
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