Mortgage
/mˈɔrɡədʒ/
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Definition
(noun) A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.
Sentence Examples
The bank holds a mortgage on his building.
I suffered from my mortgage loan.
CEFR Practice Quiz
They had to take out a twenty-year ____ from the local bank so that they could afford to buy their very first family home.