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English definition of “mortgagee”

mortgagee

noun [C]     /ˌmɔː.ɡɪˈdʒiː/ US  /ˌmɔːr-/ specialized
a bank or similar organization that gives mortgages to people, especially so that they can buy a house or apartmentMortgages and real estateRenting, hiring and hire purchase in general Renting propertyBorrowers and lenders
(Definition of mortgagee noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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