Date: 1300-1400
Language: Old French
Origin: mort 'dead' + gage 'promise'


1 noun
Related topics: Loans
mort‧gage1 W3 [countable]
1BFL 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.
They've taken out a 30 year mortgage (=they will pay for their house over a period of 30 years).
We decided to use Fred's redundancy money to pay off the mortgage (=pay back all the money we borrowed for a mortgage).
Mortgage rates are set to rise again in the spring.
She was having trouble meeting her mortgage payments.
2BFL the amount of money you borrow in the form of a mortgage:
If you earn £20,000 per year, then you may be able to get a mortgage of £60,000.

Dictionary results for "mortgage"
Dictionary pictures of the day
Do you know what each of these is called?
What is the word for picture 1? What is the word for picture 2? What is the word for picture 3? What is the word for picture 4?
Click on any of the pictures above to find out what it is called.