mortgage noun - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “mortgage”

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mortgage

noun [C]
 
 
/ˈmɔːɡɪdʒ/ FINANCE, PROPERTY
a legal agreement to borrow money from a bank or other financial organization, especially to buy a house or other property, or the amount of money borrowed: apply for/take out/get a mortgage You take out a mortgage on your home at a fixed rate of interest. pay/pay off/repay a mortgage A large part of the money will be used to pay off a mortgage.mortgage payment/repayment Once the interest rate rises, they won't be able to afford their monthly mortgage payments.mortgage arrears/defaults Increases in unemployment will lead to a rise in mortgage arrears. a 15/25/30-year mortgage
→  See also adjustable rate mortgage , balloon mortgage , direct-reduction mortgage , endowment mortgage , equitable mortgage , first mortgage , legal mortgage , repayment mortgage , variable rate mortgage
Translations of “mortgage”
in Arabic رَهن عَقاري…
in Korean 대출…
in Malaysian gadai janji…
in French hypothèque…
in Turkish gayrimenkul ipoteği/ipotek karşılığı alınan kredi/para…
in Italian mutuo…
in Chinese (Traditional) (尤指購房的)按揭,抵押貸款…
in Russian ипотека, закладная…
in Polish kredyt hipoteczny, hipoteka…
in Vietnamese văn tự thế chấp…
in Spanish hipoteca…
in Portuguese hipoteca…
in Thai การจำนอง…
in German die Hypothek…
in Catalan hipoteca…
in Japanese 住宅ローン…
in Indonesian hipotek…
in Chinese (Simplified) (尤指购房的)按揭,抵押贷款…
(Definition of mortgage noun from the Cambridge Business English Dictionary © Cambridge University Press)
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