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Definition of “mortgage” - English Dictionary

"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 British English

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mortgagenoun [C]

uk   /ˈmɔː.ɡɪdʒ/  us   /ˈmɔːr.ɡɪdʒ/
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.ɡɪdʒ/
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 Learners Dictionary & Thesaurus © 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)
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“mortgage” in Business English

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