-
A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.
(noun)
-
A contract or deed specifying the terms of a mortgage.
(noun)
-
The claim of a mortgagee upon mortgaged property.
(noun)
-
To pledge or convey (property) by means of a mortgage.
(verb-transitive)
-
To make subject to a claim or risk; pledge against a doubtful outcome: mortgaged their political careers by taking an unpopular stand.
(verb-transitive)
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.