Meaning of mortgage
Pronunciation: (môr'gij), [key]
— n., v., -gaged, -gag•ing.
- a conveyance of an interest in property as security for the repayment of money borrowed.
- the deed by which such a transaction is effected.
- the rights conferred by it, or the state of the property conveyed.
- to convey or place (real property) under a mortgage.
- to place under advance obligation; pledge: to mortgage one's life to the defense of democracy.
- mortgage (Thesaurus)