mortgage
Significado (Inglês)
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- 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.
- (obsolete) State of being pledged.
Sinônimos
mortgage credit
mortgage loan
real estate loan
loan on mortgage
credit on real estate
public sale
stick on
take charge of
housing loan
conditional sale
give in pledge
Freqüência
Hifenizado como
mort‧gage
Pronunciado como (IPA)
/ˈmɔː.ɡɪd͡ʒ/
Etimologia (Inglês)
From Middle English morgage and Middle French mortgage, from Anglo-Norman morgage, from Old French mort gage (“dead pledge”), after a translation of judicial Medieval Latin mortuum wadium, with wadium from Frankish *wadi (“wager, pledge”). Compare gage and also wage. So called because rents and profits from the land were owed to the lender for as long as the gage existed (comparable to interest on a loan today), as opposed to the living gage, in which rents and profits automatically reduced the debt (paying it off over time).
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