mortgage
🇺🇸
/ˈmɔːrɡɪdʒ/
🇬🇧
/ˈmɔːɡɪdʒ/
A loan from a bank to buy a home, paid back over many years.
They got a mortgage to buy their first house.
To use your home as security for a loan from a bank.
They had to mortgage their home to start the business.