mortgaged

Meaning

of Mortgage

Synonyms

Antonyms

Examples

his house, his business, indeed, his whole life was heavily mortgaged Source: Internet

A legal term applied to any of the various methods of enforcing payment of the debt secured by a mortgage, or deed of trust, by taking and selling the mortgaged property, and depriving the mortgagor of possession. Source: Internet

By the time of the revolution, the nobility had sold off one-third of its land and mortgaged another third. Source: Internet

Coffman eventually declared bankruptcy, as he had mortgaged his home at least three times to cover band expenses. Source: Internet

His father had mortgaged the farm to send Webster to Yale, but he was now on his own and had nothing more to do with his family. Source: Internet

If a finance company takes possession of a mortgaged property from a debtor, it is called foreclosure in AmE and repossession in BrE. Source: Internet

Close letter words and terms