Longman Dictionary of Contemporary English homepage

mortgage

2 verb
     
Related topics: Loans
mortgage2 [transitive]
1BFL if you mortgage your home, land, or property, you borrow money, usually from a bank, and if you cannot pay back the money within a particular period of time, the bank has the right to sell your property in order to get the money you owe it:
We mortgaged our house to start Paul's business.
2

mortgage the/somebody's future

to borrow money or do something that is likely to cause problems in the future, that other people will have to deal with:
The report explains how governments are mortgaging their nations' futures.

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