Mortgagor: meaning, definitions and examples
🏠
mortgagor
[ ˈmɔːɡɪdʒər ]
real estate
A mortgagor is a person who borrows money from a lender to purchase a property and pledges the property as security for the loan.
Examples of usage
- The mortgagor signed the loan agreement with the bank.
- If the mortgagor fails to make payments, the lender can foreclose on the property.
- The mortgagor must maintain insurance on the property as part of the loan agreement.
Translations
Translations of the word "mortgagor" in other languages:
🇵🇹 mutuário
🇮🇳 बंधककर्ता
🇩🇪 Hypothekenschuldner
🇮🇩 peminjam hipotek
🇺🇦 іпотекодавець
🇵🇱 zastawca
🇯🇵 抵当権設定者
🇫🇷 débiteur hypothécaire
🇪🇸 hipotecante
🇹🇷 ipotek veren
🇰🇷 저당 설정자
🇸🇦 المرتهن
🇨🇿 zastavitel
🇸🇰 záložný veriteľ
🇨🇳 抵押人
🇸🇮 hipotekarni dolžnik
🇮🇸 veðhafi
🇰🇿 ипотекалық қарыз алушы
🇬🇪 იპოთეკარი
🇦🇿 ipoteka götürən
🇲🇽 hipotecante
Etymology
The term 'mortgagor' originated from the Latin word 'mortuus', meaning 'dead', and 'gāg-,' a combining form of 'gēg-', meaning 'to give, to engage'. In the 15th century, it was used in English law to refer to a person who pledged property as security for a loan. Over time, the term evolved to its current usage in real estate transactions.