Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “mortgage”

See all translations

mortgage

noun [C] uk   /ˈmɔː.ɡɪdʒ/ us    /ˈmɔːr-/
an agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house or apartment, or the amount of money itself: They took out a £40,000 mortgage (= they borrowed £40,000) to buy the house. a monthly mortgage payment
More examples

mortgage

verb [T] uk   /ˈmɔː.ɡɪdʒ/ us    /ˈmɔːr-/
to borrow money to buy a house or apartment: The house was mortgaged up to the hilt (= the full value of the house had been borrowed).
(Definition of mortgage from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
What is the pronunciation of mortgage?
Add Cambridge dictionaries to your browser to your website

More meanings of “mortgage”

Definitions of “mortgage” in other dictionaries

Word of the Day

christmassy

typical of Christmas, or happy because it is Christmas

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

tweleb noun

December 22, 2014
informal a Twitter celebrity; (more specifically, someone who has more than 1,000 followers on Twitter) There were a few old and a few new faces, including a tweleb or two. Expect to see and hear more from these cool kids.

Read More