Word Explorer
Mortgaging
To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
📖 Definitions of "Mortgaging"
verb
- 1
To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
"We mortgaged our house in order to start a company."
- 2
To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
noun
- 1
The act by which something is mortgaged.
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