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mortgage

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mortgage

Main Entry:: ¹mort·gage
Pronunciation:: \ˈmȯr-gij\
Function:: noun
Etymology:: Middle English morgage, from Anglo-French mortgage, from mort dead (from Latin mortuus) + gage gage — more at murder
Date:: 15th century

1: a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms2 a: the instrument evidencing the mortgage b: the state of the property so mortgaged c: the interest of the mortgagee in such property

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