Mortgage Definition–noun | 1. | a conveyance of an interest in
849
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
Refinance Definition–verb (used with object), -nanced, -nanc⋅ing. | 2. | to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage. | | 3. | to increase or change the financing of, as by selling stock or obtaining additional credit. | |
From Dictionary
Related topics from BritannicaFannie 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 ...
Emergency Economic Stabilization Act of 2008
legislation passed by the U.S. Congress and signed into law by Pres. George W. Bush on Oct. 3, 2008. It was designed to prevent the collapse of the U.S. financial system during the subprime mortgage ...
New Deal
the domestic program of the administration of U.S. President Franklin D. Roosevelt between 1933 and 1939, which took action to bring about immediate economic relief as well as reforms in industry, ...
|
Related topics from Technorati |
|
|
|
