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Mortgaging: meaning, definitions and examples

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mortgaging

 

[ ˈmɔːrɡɪdʒɪŋ ]

Verb
Context #1 | Verb

financial transaction

Mortgaging refers to the process of taking out a loan secured by real estate. This transaction usually involves a lender providing funds to a borrower, who then agrees to repay the loan amount with interest over a specified period. Mortgaging is a common way for individuals to purchase homes and properties, as it allows them to leverage their current finances to obtain a larger asset. Essentially, the property serves as collateral; if the borrower fails to repay the loan, the lender has the right to take possession of the property through foreclosure.

Synonyms

financing, loaning, pledging.

Examples of usage

  • They are mortgaging their house to finance the renovation.
  • Mortgaging can create long-term financial commitments for homeowners.
  • Many first-time buyers are mortgaging properties at low-interest rates.

Translations

Translations of the word "mortgaging" in other languages:

🇵🇹 hipotecando

🇮🇳 बंधक बनाना

🇩🇪 hypothekieren

🇮🇩 menghipotekan

🇺🇦 іпотечне кредитування

🇵🇱 zastawiając

🇯🇵 抵当を設定する

🇫🇷 hypothéquer

🇪🇸 hipotecar

🇹🇷 ipotekalamak

🇰🇷 담보 대출하다

🇸🇦 رهن

🇨🇿 hypotékování

🇸🇰 hypotekovanie

🇨🇳 抵押

🇸🇮 hipotekarstvo

🇮🇸 veðsetja

🇰🇿 ипотека беру

🇬🇪 ჰიპოთეკირება

🇦🇿 ipotekaya götürmək

🇲🇽 hipotecar

Etymology

The term 'mortgage' comes from the Middle English word 'mortgage,' which was derived from the Old French 'mort gage' meaning 'dead pledge.' The 'mort' part translates to 'dead,' indicating that the pledge becomes void or 'dead' when the obligation is fulfilled, or when payment is defaulted. The historical roots of mortgaging can be traced back to feudal England, where land was often used as collateral for loans. As economic systems evolved, so did the terms and conditions surrounding property loans. By the 16th century, the modern concept of mortgaging began to take shape in the legal documents and agreements that governed land ownership and borrowing. Over time, the process became formalized, leading to the practices we see today in real estate transactions.

Word Frequency Rank

At rank #29,807, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.