mortgage
pronunciation
How to pronounce mortgage in British English:
UK [ˈmɔːɡɪdʒ]
How to pronounce mortgage in American English:
US [ˈmɔːrɡɪdʒ]
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- Noun:
- a conditional conveyance of property as security for the repayment of a loan
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- Verb:
- put up as security or collateral
Word Origin
- mortgage
- mortgage: [14] Mortgage means literally ‘dead pledge’. It comes from Old French mortgage, a compound formed from mort ‘dead’ and gage ‘pledge’ (source of English gage and closely related to English wage). The notion behind the word is supposedly that if the mortgagor fails to repay the loan, the property pledged as security is lost, or becomes ‘dead’, to him or her.=> mortal, wage
- mortgage (n.)
- late 14c., morgage, "conveyance of property as security for a loan or agreement," from Old French morgage (13c.), mort gaige, literally "dead pledge" (replaced in modern Frech by hypothèque), from mort "dead" (see mortal (adj.)) + gage "pledge" (see wage (n.)). So called because the deal dies either when the debt is paid or when payment fails. Old French mort is from Vulgar Latin *mortus "dead," from Latin mortuus, past participle of mori "to die" (see mortal (adj.)). The -t- restored in English based on Latin.
- mortgage (v.)
- late 15c., from mortgage (n.). Related: Mortgaged; mortgaging.
Example
- 1. Tax deductions on mortgage interest should go .
- 2. One priority is to encourage more write-downs of mortgage debt .
- 3. Another common feature is a squeeze on mortgage finance .
- 4. Banks also have a clear incentive to make peace with the duo that dominates mortgage markets .
- 5. Sure , it 's crazy , and cern should not and is not about to mortgage its investment to a coin toss .