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mortgage
has definitions from the field of business
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[ noun ] (business) a conditional conveyance of property as security for the repayment of a loan
Used in print (Robert A. Futterman, The Future of Our Cities....)Bankers who had been reluctant to lend without better security than the house itself got that security from the U._S. government ; householders who had been unable to pick_up the burden of short-term high interest mortgages found they could borrow for twenty-five years at 4 per_cent , under government aegis . (W. E. B. DuBois, Worlds of Color....)The bank which held the mortgage on the old church declared that the interest was considerably in_arrears , and the real_estate people said flatly that the land across the river was being held for an eventual development for white working people who were coming_in , and that none would be sold to colored folk . When it was proposed to rebuild the church , Wilson found that the terms for a new mortgage were very high . Related terms security_interest chattel_mortgage second_mortgage first_mortgage |
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