mortgage

== English == === Alternative forms === morgage (obsolete) === Etymology === 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). === Pronunciation === (Received Pronunciation) IPA(key): /ˈmɔːɡɪd͡ʒ/ (Standard Southern British, General Australian) IPA(key): /ˈmoːɡɪd͡ʒ/ (US) IPA(key): /ˈmoɹ.ɡɪd͡ʒ/ (New Zealand) IPA(key): /ˈmoːɡəd͡ʒ/ (Scotland) IPA(key): /ˈmɔɾɡɪd͡ʒ/ Hyphenation: mort‧gage Rhymes: -ɔː(ɹ)ɡɪd͡ʒ === Noun === mortgage (countable and uncountable, plural mortgages) (law, real estate) A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property. Coordinate terms: home loan, loan, reverse mortgage, HELOC (obsolete) The state of being pledged. ==== Derived terms ==== ==== Descendants ==== → Māori: mōkete → Mongolian: моргейж (morgejž) → Scottish Gaelic: morgaidse → Welsh: morgais ==== Translations ==== ==== See also ==== === Verb === mortgage (third-person singular simple present mortgages, present participle mortgaging, simple past and past participle mortgaged) (transitive, law) 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. (transitive, figurative) To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term. ==== Derived terms ==== ==== Related terms ==== mortgagee mortgager ==== Translations ====