parti-mortgage certificate

noun
variants: or parti-mortgage receipt \ ˈpär|t|ē , ˈpȧ| , |t| , |i+ˌ...-​ \

Definition of parti-mortgage certificate

: a certificate of ownership of a fractional equitable interest in a participating mortgage

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History and Etymology for parti-mortgage certificate

parti-mortgage from parti- entry 2 + mortgage

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Cite this Entry

“Parti-mortgage certificate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/parti-mortgage%20certificate. Accessed 22 Sep. 2020.

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