Mortgage
/ˈmɔː.ɡɪdʒ/
Scrabble:12 ptsWWF:15 pts8 letters
Definition of Mortgage
noun
- A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
"We're renting a property in the city centre because we can't afford to get a mortgage yet."
- State of being pledged.
"lands given in mortgage"
verb
- To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
"We mortgaged our house in order to start a company."
- To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
Anagrams of Mortgage
Letter Values
m3
o1
r1
t1
g2
a1
g2
e1
Total: 12 Scrabble points
Rhymes With Mortgage
Word Validity & Sources
SOWPODS (International Scrabble): Valid
TWL (US/Canada Scrabble): Valid
Words With Friends: Valid
Last verified: December 2024
Dictionary data sourced from SOWPODS (178,691 words), combining TWL (Tournament Word List) and the Collins Scrabble Words dictionary. Definitions from Free Dictionary API and Wordnik.
About the Word "Mortgage"
Mortgage is a 8-letter word that scores 12 points in Scrabble and 15 points in Words With Friends.
Using "Mortgage" in Word Games
When playing Scrabble or Words With Friends, "mortgage" is a medium-scoring word.