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: Timepieces Category: Watches

LG G Watch

The LG G Watch is an Android Wear-based smartwatch announced and released by LG and Google on June 25, 2014. It was released along with the Samsung ...

Contributor

Featured blossaries

Trends Retailers Can't Ignore in 2015

Category: Business   1 8 Terms

Food products of Greece

Category: Other   1 2 Terms

Browers Terms By Category