borrowed on a mortgage
1mortgage — mort|gage1 W3 [ˈmo:gıdʒ US ˈmo:r ] n [Date: 1300 1400; : Old French; Origin: mort dead + gage promise ] 1.) a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a… …
2mortgage — 1 noun (C) 1 a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years: Your building society or bank will help arrange a mortgage. | take out a… …
3mortgage — [ mɔ:gɪdʒ] noun a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor s property, with the condition that the conveyance of title becomes void upon the payment of the debt.… …
4Mortgage calculator — Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. Mortgage calculators can also be used to compare the costs, interest rates, payment schedules,… …
5mortgage relief — ➔ relief * * * mortgage relief UK US noun [U] TAX ► in the UK, the system that allows you to not pay tax on the part of your income that you use to pay back the money you borrowed to buy your home: »Mortgage relief is available through the tax… …
6mortgage borrowing — UK US noun [C or U] FINANCE ► money that is borrowed from banks or other financial organizations in the form of mortgages: »Mortgage borrowing is at record levels. »He used the monthly rental income from the shops to finance his mortgage… …
7mortgage — ► NOUN 1) a legal agreement by which a person takes out a loan using as security real property (usually a house which is being purchased). 2) an amount of money borrowed or lent under such an agreement. ► VERB ▪ transfer the title to (a property) …
8mortgage — the transfer of right of ownership of a property from a debtor to a creditor as security for a debt, with the proviso that once the debt is paid ownership is transferred back. Glossary of Business Terms (1) noun A legal instrument that creates a… …
9Mortgage — A loan secured by the collateral of some specified real estate property which obliges the borrower to make a predetermined series of payments. The New York Times Financial Glossary * * * ▪ I. mortgage mort‧gage 1 [ˈmɔːgɪdʒ ǁ ˈmɔːr ] noun… …
10Mortgage — A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the… …
