mortgage

Definition

  • noun: a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years
  • noun: a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
  • verb: to give someone a legal claim on (property that you own) in exchange for money that you will pay back over a period of years
  • verb: to grant or convey by a mortgage
  • often used before another noun
  • synonyms: pledge, charged, encumbrance

Examples

  • Some critics say that she has 'mortgaged her political future' on a program that is likely to fail.

  • He will have to take out a 'mortgage' in order to buy the house.

  • The city has 'mortgaged its future' to pay for the new stadium.

Movie clips

Movie quotes

  • (..) College town. Lead a little church. Teach a class. Maybe the occasional speaking engagement. And I'll pay all the bills for us, especially the mortgage for our very own house. Perfect. You look handsome. Through it all, Martin Luther King has (..)
    2014 Selma