mortgage

noun [C]

/ˈmɔr·ɡɪdʒ/

Definition

› an agreement that allows you to borrow money from a bank or similar organization by offering something of value, esp. in order to buy a house or apartment, or the amount of money itself: They took out a $90,000 mortgage to buy the house.

(Definition of mortgage noun from the Cambridge Academic Content Dictionary © Cambridge University Press)

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