Definition of Welsh mortgage
: an obsolete mortgage in which the mortgagee may keep the rents and profits of the estate in satisfaction of interest but cannot enforce payment of the principal and the mortgagor can redeem at any time by payment of the principal — compare living pledge
Keep scrolling for more
Love words? Need even more definitions?Merriam-Webster unabridged
Words at Play
“In Vino Veritas” and Other Latin Phrases to Live By
Top 10 Latin Phrases
We Added New Words to the Dictionary for October 2021
From 'dad bod' to 'deplatform'
'Deduction' vs. 'Induction' vs. 'Abduction'
'Za' and 9 Other Words to Help You Win at SCRABBLE
The secret top 10 words experts use to win at SCR...
Ask the Editors