Definition of "mortgagor" [mortgagor]

• One that mortgages property. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "In the case of a non-recourse mortgage, the mortgagor is promising the bank that he will EITHER repay the loan OR give the bank the house."
• "Moreover, formalities of law, evidenced by documents and red seals, have firmly planted in our minds the idea that the condition of being a mortgagor is not one to be entered into lightly."
• "[A] In a bill brought by a mortgagee agaiust the heir of a mortgagor to foreclose, it was objected, that the executor of the mortgagor ought to be a paity, because it did uot appear but that he might have paid the debt."