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. |
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From Dictionary
Rate Definition–noun | 1. | the amount of a charge or payment with reference to some basis of calculation: a high rate of interest on loans. |
| 2. | a certain quantity or amount of one thing considered in relation to a unit of another thing and used as a standard or measure: at the rate of 60 miles an hour. |
| 3. | a fixed charge per unit of quantity: a rate of 10 cents a pound. |
| 4. | price; cost: to cut rates on all home furnishings. |
| 5. | degree of speed, progress, etc.: to work at a rapid rate. |
| 6. | degree or comparative extent of action or procedure: the rate of increase in work output. |
| 7. | relative condition or quality; grade, class, or sort. |
| 8. | assigned position in any of a series of graded classes; rating. |
| 9. | Insurance. the premium charge per unit of insurance. |
| 10. | a charge by a common carrier for transportation, sometimes including certain services involved in rendering such transportation. |
| 11. | a wage paid on a specified time basis: a salary figured on an hourly rate. |
| 12. | a charge or price established in accordance with a scale or standard: hotel rates based on length of stay. |
| 13. | Horology. the relative adherence of a timepiece to perfect timekeeping, measured in terms of the amount of time gained or lost within a certain period. |
| 14. | Usually, rates. British. | a. | a tax on property for some local purpose. |
| b. | any tax assessed and paid to a local government, as any city tax or district tax. |
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–verb (used with object) | 15. | to estimate the value or worth of; appraise: to rate a student's class performance. |
| 16. | to esteem, consider, or account: He was rated one of the best writers around. |
| 17. | to fix at a certain rate, as of charge or payment. |
| 18. | to value for purposes of taxation or the like. |
| 19. | to make subject to the payment of a certain rate or tax. |
| 20. | to place in a certain rank, class, etc., as a ship or a sailor; give a specific rating to. |
| 21. | to be considered or treated as worthy of; merit: an event that doesn't even rate a mention in most histories of the period. |
| 22. | to arrange for the conveyance of (goods) at a certain rate. |
–verb (used without object) | 23. | to have value, standing, etc.: a performance that didn't rate very high in the competition. |
| 24. | to have position in a certain class. |
| 25. | to rank very high in estimation: The new teacher really rates with our class. |
—Idiom| 26. | at any rate, | a. | in any event; in any case. |
| b. | at least: It was a mediocre film, but at any rate there was one outstanding individual performance. |
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From Dictionary
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