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English definition of “mortgagee”

mortgagee

noun [C] uk   /ˌmɔː.ɡɪˈdʒiː/ us    /ˌmɔːr-/ specialized
a bank or similar organization that gives mortgages to people, especially so that they can buy a house or apartment
(Definition of mortgagee from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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