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
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Geography Category: Cities & towns
London
London is the capital city of England and the United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the ...
Contributor
Featured blossaries
Daniel
0
Terms
7
Blossaries
0
Followers
Glossary for Principles of Macroeconomics/Microeconomics
Category: Education 1 20 Terms
Browers Terms By Category
- Fiction(910)
- General literature(746)
- Poetry(598)
- Chilldren's literature(212)
- Bestsellers(135)
- Novels(127)
Literature(3109) Terms
- Nightclub terms(32)
- Bar terms(31)
Bars & nightclubs(63) Terms
- Journalism(537)
- Newspaper(79)
- Investigative journalism(44)
News service(660) Terms
- Lumber(635)
- Concrete(329)
- Stone(231)
- Wood flooring(155)
- Tiles(153)
- Bricks(40)
Building materials(1584) Terms
- SSL certificates(48)
- Wireless telecommunications(3)