mortgage
/ˈmɔːrɡɪdʒ/
Noun
mortgageSingular
mortgagesPlural
1
A legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
They took out a mortgage to buy their first home.
2
The amount of money borrowed in such an agreement.
They still have a large mortgage to pay off.
Verb
mortgageInfinitive
mortgagePresent tense
mortgagedPast tense
mortgagedPast participle
mortgagingPresent participle
mortgagesThird-person singular
1
To pledge (property) as security for a loan by means of a mortgage agreement.
They mortgaged their house to start a business.
2
To burden or make vulnerable by taking on a long-term obligation or commitment.
He mortgaged his future by taking on too much debt.