Mortgagor: meaning, definitions and examples

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mortgagor

 

[ ˈmɔːɡɪdʒər ]

Noun
Context #1 | Noun

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

Word origin

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.

Word Frequency Rank

Ranked #10,713, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.