mortgagor Meaning, Definition & Usage
-
noun the person who gives a mortgage in return for money to be repaid
mortgager.
- we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home
WordNet
Mort"gage*or, Mort"ga*gor noun
(Also<
- Mortgageor
- Mortgagor
)
Definitions
(Law) One who gives a mortgage. ✍ The letter e is required analogically after the second g in order to soften it; but the spelling mortgagor is in fact the prevailing form. When the word is contradistinguished from mortgagee it is accented on the last syllable ().