Definition of mortgage
(Entry 1 of 2)
1
: a conveyance (see conveyance sense 2a) of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
took out a mortgage in order to buy the house
mortgage
verb
mortgaged; mortgaging
Definition of mortgage (Entry 2 of 2)
1
: to grant or convey by a mortgage
2
: to subject to a claim or obligation : pledge
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Merriam-Webster unabridged
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Time Traveler for mortgage
The first known use of mortgage was in the 15th century
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