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: Water bodies Category: Lakes

Lake Huron

The second largest of the Great Lakes of North America, bounded on the west by Michigan (U. S. ) and on the north and east by Ontario (Can. ). The ...

Contributor

Featured blossaries

The Walt Disney Company

Category: Business   1 6 Terms

Dim Sum

Category: Food   1 4 Terms