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