Mortgage: meaning, definitions and examples

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mortgage

 

[ หˆmษ”หrษกษชdส’ ]

Context #1 | Noun

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

debt, home loan, loan

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:

๐Ÿ‡ต๐Ÿ‡น hipoteca

๐Ÿ‡ฎ๐Ÿ‡ณ เคฌเค‚เคงเค•

๐Ÿ‡ฉ๐Ÿ‡ช Hypothek

๐Ÿ‡ฎ๐Ÿ‡ฉ hipotek

๐Ÿ‡บ๐Ÿ‡ฆ ั–ะฟะพั‚ะตะบะฐ

๐Ÿ‡ต๐Ÿ‡ฑ hipoteka

๐Ÿ‡ฏ๐Ÿ‡ต ๆŠตๅฝ“

๐Ÿ‡ซ๐Ÿ‡ท hypothรจque

๐Ÿ‡ช๐Ÿ‡ธ hipoteca

๐Ÿ‡น๐Ÿ‡ท ipotek

๐Ÿ‡ฐ๐Ÿ‡ท ๋‹ด๋ณด ๋Œ€์ถœ

๐Ÿ‡ธ๐Ÿ‡ฆ ุฑู‡ู† ุนู‚ุงุฑูŠ

๐Ÿ‡จ๐Ÿ‡ฟ hypotรฉka

๐Ÿ‡ธ๐Ÿ‡ฐ hypotรฉka

๐Ÿ‡จ๐Ÿ‡ณ ๆŠตๆŠผ่ดทๆฌพ

๐Ÿ‡ธ๐Ÿ‡ฎ hipoteka

๐Ÿ‡ฎ๐Ÿ‡ธ veรฐlรกn

๐Ÿ‡ฐ๐Ÿ‡ฟ ะธะฟะพั‚ะตะบะฐ

๐Ÿ‡ฌ๐Ÿ‡ช แƒ˜แƒžแƒแƒ—แƒ”แƒ™แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ ipoteka

๐Ÿ‡ฒ๐Ÿ‡ฝ 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.

Word Frequency Rank

At position #2,258, this word belongs to solid intermediate vocabulary. It's frequently used in both casual and formal contexts and is worth learning for better fluency.