Mortgage Definition & Meaning | Britannica Dictionary

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The Britannica Dictionary mortgage 4 ENTRIES FOUND:

• mortgage (noun)
• mortgage (verb)
• reverse mortgage (noun)
• future (noun)

1 mortgage /ˈmoɚgɪʤ/ noun plural mortgages 1 mortgage /ˈmoɚgɪʤ/ noun plural mortgages Britannica Dictionary definition of MORTGAGE [count] : a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years

• He will have to take out a mortgage in order to buy the house.
• a 30-year mortgage
• a $50,000 mortgage
• They hope to pay off the mortgage on their home soon.

[+] more examples [-] hide examples [+] Example sentences [-] Hide examples — often used before another noun

• a mortgage agreement/banker/lender/loan
• Mortgage rates are down.

[+] more examples [-] hide examples [+] Example sentences [-] Hide examples — see also reverse mortgage 2 mortgage /ˈmoɚgɪʤ/ verb mortgages; mortgaged; mortgaging 2 mortgage /ˈmoɚgɪʤ/ verb mortgages; mortgaged; mortgaging Britannica Dictionary definition of MORTGAGE [+ object] : to give someone a legal claim on (property that you own) in exchange for money that you will pay back over a period of years

• She mortgaged her house in order to buy the restaurant.

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mortgage the/your future

chiefly US, disapproving : to borrow a large amount of money that will have to be paid back in the future or to do something that may cause problems for you in the future

• The city has mortgaged its future to pay for the new stadium.
• Some critics say that she has mortgaged her political future on a program that is likely to fail.

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