mortgage : Idioms & Phrases

• noun a loan to buy some personal item; the item (or chattel) is security for the loan
  

WordNet

• (Law), a mortgage on personal property, as distinguished from one on real property.

Webster 1913

• noun a corporation authorized by Congress to provide a secondary market for residential mortgages
  Freddie Mac; FHLMC.
  

WordNet

• noun a federally chartered corporation that purchases mortgages
  Fannie Mae; FNMA.
  

WordNet

• noun a mortgage that has priority over all mortgages and liens except those imposed by law
  

WordNet

• noun an application for a mortgage loan
  

WordNet

• noun deed embodying a mortgage
  

WordNet

• (Law), a deed given by way of mortgage.

Webster 1913

• noun the person who accepts a mortgage
  mortgagee.
  
  • the bank became our mortgagee when it accepted our mortgage on our new home

WordNet

• noun a loan on real estate that is usually secured by a mortgage
  real estate loan.
  

WordNet

• noun a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government
  

WordNet

• noun a mortgage that is subordinate to a first mortgage
  

WordNet

• (not technically correct, but often used to signify) the obtaining a judgment for the payment of an overdue mortgage, and the exposure of the mortgaged property to sale to meet the mortgage debt.

Webster 1913

• etc., to have a copy of the same entered in the records of the office designated by law, for the information of the public.

Webster 1913

• (O. Eng. Law), a species of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the mean time shall be received by the mortgagee without account, in satisfaction of interest. Burrill.

Webster 1913