Question 1 · Quick check
mortgage
CEFRC1
/ˈmɔːɡɪd͡ʒ/
noun · verb
Türkçe translations
Translating…
In plain English
- 01
noun
A loan used to buy property, repaid over many years.
- 02
verb
To borrow money using property as security.
Examples
The bank holds a mortgage on his building.
The young couple applied for a mortgage to buy their house.
At a glance
Sits at C1 on the CEFR scale
- Senses
- 5
- Parts of speech
- 2
- Citations
- 3
Also pronounced
- /ˈmoːɡɪd͡ʒ/
Deep Dive
noun
Extra meaningsThe state of being pledged.
To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.
More examples
In contextI suffered from my mortgage loan.
We mortgaged our house in order to start a company.
to mortgage a property, an estate, or a shop
Quick test
Two questions on this entry. Nothing is scored.
Practise this properly in the app, where the word comes back before you forget it.
Nearby
Origin
noun
From Middle English morgage and Middle French mortgage, from Anglo-Norman morgage, from Old French mort gage (“dead pledge”), after a translation of judicial Medieval Latin mortuum wadium, with wadium from Frankish *wadi (“wager, pledge”). Compare gage and also wage. So called because rents and profits from the land were owed to the lender for as long as the gage existed (comparable to interest on a loan today), as opposed to the living gage, in which rents and profits automatically reduced the debt (paying it off over time).