Do you know the meaning of mortgage?
A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
Word in 8 letters.
This definition of the word mortgage is from the Wiktionary, where you can also find the etimology, other senses, synonyms, antonyms and examples.
The word mortgage does not have anagrams.
The word mortgage spelled backward is egagtrom which is not a word.
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