mortgage

noun

A loan for the purchase of real property, secured by a lien on the property.

noun

The document specifying the terms and conditions of the repayment of such a loan.

noun

The repayment obligation associated with such a loan.

noun

The right to payment associated with such a loan.

noun

The lien on the property associated with such a loan.

transitive verb

To pledge (real property) as the security for a loan.

transitive verb

To make subject to a claim or risk; pledge against a doubtful outcome.

noun

At common law (and according to the present rule in some of the United States, and in form in nearly all, if not all, the States), a conveyance of real estate or some interest therein, defeasible upon the payment of money or the performance of some other condition.

noun

By the law of most of the United States, a lien or charge upon specific property, real or personal, created by what purports to be an express transfer of title, with or without possession, but accompanied by a condition that the transfer shall be void if in due time the money be paid or the thing done to secure which the transfer is given.

noun

A state or condition resembling that of mortgaged property.