Mortgage Definition–noun | 1. | a conveyance of an interest in property as security for the repayment of money borrowed. | | 2. | the deed by which such a transaction is effected. | | 3. | the rights conferred by it, or the state of the property conveyed. | –verb (used with object) | 4. | Law. to convey or place (real property) under a mortgage. | | 5. | to place under advance obligation; pledge: to mortgage one's life to the defense of democracy. | |
From Dictionary
Loan Definition–noun | 1. | the act of lending; a grant of the temporary use of something: the loan of a b
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ook. | | 2. | something lent or furnished on condition of being returned, esp. a sum of money lent at interest: a $1000 loan at 10 percent interest. | –verb (used with object) | 4. | to make a loan of; lend: Will you loan me your umbrella? | | 5. | to lend (money) at interest. | –verb (used without object) | 6. | to make a loan or loans; lend. | â€
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”Idiom | 7. | on loan, | a. | borrowed for temporary use: How many books can I have on loan from the library at one time? | | b. | temporarily provided or released by one's regular employer, superior, or owner for use by another: Our best actor is on loan to another movie studio for two films. | | |
From Dictionary
Related topics from Britannicamortgage
in Anglo-American law, any of a number of related devices in which a debtor (mortgagor) conveys an interest in property to a creditor (mortgagee) as security for the payment of a money debt. The ...
savings and loan association
a savings and home-financing institution that makes loans for the purchase of private housing, home improvements, and new construction. Formerly cooperative institutions in which savers were ...
Subprime Mortgages: A Catalyst for Global Chaos
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Freddie Mac
federally chartered private corporation created by the U.S. Congress in 1970 to provide continuous and affordable home financing. It is one of several government-sponsored enterprises (GSEs) ...
Fannie Mae
federally chartered private corporation created as a federal agency by the U.S. Congress in 1938 to ensure adequate liquidity in the mortgage market regardless of economic conditions. It is one of ...
business finance
A term loan is a business credit with a maturity of more than 1 year but less than 15 years. Usually the term loan is retired by systematic repayments (amortization payments) over its life. It may be ...
bank
Bank loans, which are available to businesses of all types and sizes, represent one of the most important sources of commercial funding throughout the industrialized world. Key sources of funding for ...
property law
The Russian Federation's Civil Code permits mortgages and pledges to be used as devices for securing the performance of legal obligation, notably loan agreements. Although mortgages and pledges are ...
Belgium
Building is encouraged in a number of ways, including government-guaranteed mortgage loans that have low interest rates. Most Belgians prefer to live in single-family houses. The rate of home ...
Canada
Canadian financial services have exhibited a great deal of flexibility in responding to the monetary needs of the economy. To operate in Canada, a commercial bank must be individually chartered by ...
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