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mortgagee

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noun mort·gag·ee \ˌmȯr-gi-ˈjē\

Simple Definition of mortgagee

  • law : a person or organization (such as a bank) that lends money to someone for buying property

Source: Merriam-Webster's Learner's Dictionary

Full Definition of mortgagee

  1. :  a person to whom property is mortgaged

1584

First Known Use of mortgagee

1584


Law Dictionary

mortgagee

play
noun mort·gag·ee \ˌmȯr-gi-ˈjē\

Legal Definition of mortgagee

  1. :  a party (as a business or individual) to whom or in whose favor property is mortgaged




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