mortgage

🇺🇸 /ˈmɔːrɡɪdʒ/ 🇬🇧 /ˈmɔːɡɪdʒ/
Frequency
Difficulty
Tags TOP3000Oxford5000
noun
B2

A loan from a bank to buy a home, paid back over many years.

They got a mortgage to buy their first house.

verb
R

To use your home as security for a loan from a bank.

They had to mortgage their home to start the business.

translation

n. A loan from a bank to buy a home, paid back over many years.
v. To use your home as security for a loan from a bank.

Word Forms

3rd Present mortgages
Past mortgaged
Perfect mortgaged
Progressive mortgaging
Plural mortgages