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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