mortgagee

noun mort·gag·ee \ ˌmȯr-gi-ˈjē \

Definition of mortgagee

: a person to whom property is mortgaged

First Known Use of mortgagee

1584


MORTGAGEE Defined for English Language Learners

mortgagee

noun

Definition of mortgagee for English Language Learners

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


Law Dictionary

mortgagee

noun mort·gag·ee \ ˌmȯr-gi-ˈjē \

legal Definition of mortgagee

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

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