mortgage | | |
n. (possession) | 1. mortgage | a conditional conveyance of property as security for the repayment of a loan. |
| ~ security interest | any interest in a property that secures the payment of an obligation. |
| ~ first mortgage | a mortgage that has priority over all mortgages and liens except those imposed by law. |
| ~ second mortgage | a mortgage that is subordinate to a first mortgage. |
| ~ chattel mortgage | a loan to buy some personal item; the item (or chattel) is security for the loan. |
v. (possession) | 2. mortgage | put up as security or collateral. |
| ~ owe | be in debt.; "She owes me $200"; "I still owe for the car"; "The thesis owes much to his adviser" |
| ~ bond | issue bonds on. |
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