Mortgage: meaning, definitions and examples
๐
mortgage
[ หmษหrษกษชdส ]
real estate finance
A mortgage is a loan that is used to buy a house or other real estate property. The borrower agrees to repay the loan with interest over a specified period of time. The property acts as collateral for the loan, meaning that the lender can take possession of the property if the borrower fails to make the required payments.
Synonyms
Examples of usage
- The bank approved my mortgage application.
- She took out a 30-year mortgage to buy her dream home.
Translations
Translations of the word "mortgage" in other languages:
๐ต๐น hipoteca
๐ฎ๐ณ เคฌเคเคงเค
๐ฉ๐ช Hypothek
๐ฎ๐ฉ hipotek
๐บ๐ฆ ัะฟะพัะตะบะฐ
๐ต๐ฑ hipoteka
๐ฏ๐ต ๆตๅฝ
๐ซ๐ท hypothรจque
๐ช๐ธ hipoteca
๐น๐ท ipotek
๐ฐ๐ท ๋ด๋ณด ๋์ถ
๐ธ๐ฆ ุฑูู ุนูุงุฑู
๐จ๐ฟ hypotรฉka
๐ธ๐ฐ hypotรฉka
๐จ๐ณ ๆตๆผ่ดทๆฌพ
๐ธ๐ฎ hipoteka
๐ฎ๐ธ veรฐlรกn
๐ฐ๐ฟ ะธะฟะพัะตะบะฐ
๐ฌ๐ช แแแแแแแ
๐ฆ๐ฟ ipoteka
๐ฒ๐ฝ hipoteca
Etymology
The word 'mortgage' comes from Old French 'mort gaige', which means 'dead pledge'. In medieval times, the pledge would be voided when the debt was repaid or the property taken through foreclosure. This term evolved into 'mortgage' in English, reflecting the idea of the pledge 'dying' once the debt is cleared.