mortgage

²mortgage

verb

mort·gagedmort·gag·ing

Definition of MORTGAGE

transitive verb

1

: to grant or convey by a mortgage

2

: to subject to a claim or obligation : pledge

Examples of MORTGAGE

1. She mortgaged her house in order to buy the restaurant.
2. <I've mortgaged all my free time this week to the hospice and won't be able to come to the party.>

First Known Use of MORTGAGE

15th century

Related to MORTGAGE

Synonyms: commit, engage, pledge, troth

Related Words: affiance, betroth, plight, promise, swear, vow; contract, enlist, enroll (also enrol), sign on, sign up; overcommit

Near Antonyms: renege

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Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer