Mortgagee
/ˌmɔːrɡɪˈdʒiː/
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Definition
(noun) One who provides a loan secured upon the borrowers' property: the lender in a mortgage agreement.
Sentence Examples
The bank was the mortgagee of the property.
The mortgagee had the right to repossess.
CEFR Practice Quiz
In the legal document, the bank is listed as the ____, while the homeowner is referred to as the person who owes the money.