Home > Terms > English, UK (UE) > Mortgage

Mortgage

A written conveyance of title to real estate property, but not its possession, to secure the payment of a debt or the performance of some obligation. Distinguished from a lien in that the creditor has actual title to the property and from a pledge in that the debtor retains possession. In Switzerland, such rights may take the form of a mortgage assignment or mortgage note. See also fixed-rate mortgage, portfolio mortgage.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Games Category: Boardgames

Chess Olympiad

The opening ceremony of the 40th World Chess Olympiad will take place on August 27th, in Istanbul. Venue of the official start of the competition will ...

Contributor

Featured blossaries

Famous Pharaoh

Category: History   3 6 Terms

Role Play Games (RPG)

Category: Entertainment   1 19 Terms