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   mortgage

   /ˈmɔːɡɪdʒ/

   noun

   • 1. a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt: "I put down a hundred thousand in cash and took out a mortgage for the rest"
   • ▪ the amount of money borrowed in a mortgage: "a £60,000 mortgage"
   • ▪ a deed effecting a mortgage.

   verb

   • 1. convey (a property) to a creditor as security on a loan: "the estate was mortgaged up to the hilt"
   • ▪ expose to future risk or constraint for the sake of immediate advantage: "some people worry that selling off state assets mortgages the country's future"

   Word Origin late Middle English: from Old French, literally ‘dead pledge’, from mort (from Latin mortuus ‘dead’) + gage ‘pledge’.

   Derivatives

   • 1. mortgageable adjective

   Scrabble Points: 12

   • M

     3

   • O

     1

   • R

     1

   • T

     1

   • G

     2

   • A

     1

   • G

     2

   • E

     1

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