mortgage Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “mortgage” in the English Dictionary

"mortgage" in British English

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mortgagenoun [C]

uk   /ˈmɔː.ɡɪdʒ/  us   /ˈmɔːr-/
an ​agreement that ​allows you to ​borrowmoney from a ​bank or ​similarorganization, ​especially in ​order to ​buy a ​house, or the ​amount of ​money itself: They took out a £40o,000 mortgage (= they ​borrowed £40o,000) to ​buy the ​house. a ​monthly mortgage payment

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mortgageverb [T]

uk   /ˈmɔː.ɡɪdʒ/  us   /ˈmɔːr-/
to ​borrowmoney to ​buy a ​house: Their ​home was mortgaged up to the ​hilt (= the ​fullvalue of ​theirhome had been ​borrowed).
(Definition of mortgage from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"mortgage" in American English

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mortgagenoun [C]

 us   /ˈmɔr·ɡɪdʒ/
an ​agreement that ​allows you to ​borrowmoney from a ​bank or ​similarorganization 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.

mortgageverb [T]

 us   /ˈmɔr·ɡɪdʒ/
to ​offer something of ​value in ​order to ​borrowmoney from a ​bank or ​similarorganization: They had to mortgage ​theirhome to ​borrow enough ​money to ​pay for ​their children’s ​education.
(Definition of mortgage from the Cambridge Academic Content Dictionary © Cambridge University Press)

"mortgage" in Business English

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mortgagenoun [C]

uk   us   /ˈmɔːɡɪdʒ/ FINANCE, PROPERTY
a ​legalagreement to ​borrowmoney from a ​bank or other ​financialorganization, especially to ​buy a ​house or other ​property, or the ​amount of ​moneyborrowed: apply for/take out/get a mortgage You take out a mortgage on your ​home at a ​fixedrate 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 ​interestraterises, 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

mortgageverb [T]

uk   us   /ˈmɔːɡɪdʒ/ FINANCE, PROPERTY
to ​borrowmoney using ​property as security (= an ​asset that will belong to the ​lender if the ​borrower does not ​pay back the ​loan): mortgage sth to do sth He mortgaged his ​home to ​helpfinance the ​project. The ​company mortgaged its ​assets to ​secure a $23 ​billioncreditline.
(Definition of mortgage from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “mortgage”
in Korean 대출…
in Arabic رَهن عَقاري…
in Malaysian gadai janji…
in French hypothèque…
in Russian ипотека, закладная…
in Chinese (Traditional) (尤指購房的)按揭,抵押貸款…
in Italian mutuo…
in Turkish gayrimenkul ipoteği/ipotek karşılığı alınan kredi/para…
in Polish kredyt hipoteczny, hipoteka…
in Spanish hipoteca…
in Vietnamese văn tự thế chấp…
in Portuguese hipoteca…
in Thai การจำนอง…
in German die Hypothek…
in Catalan hipoteca…
in Japanese 住宅ローン…
in Chinese (Simplified) (尤指购房的)按揭,抵押贷款…
in Indonesian hipotek…
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“mortgage” in British English

“mortgage” in American English

“mortgage” in Business English

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