mortgage
US /ˈmɔrɡɪdʒ/
・UK /'mɔ:ɡɪdʒ/
B1
noun
- Long-term loan from a bank for buying property
- An agreement that allows you to borrow money from a bank or similar organization in order to buy a house, or the amount of money itself
- A legal agreement in which you borrow money in order to buy a house using the house as a guarantee
other
- To borrow money to buy a house, giving the lender the right to take ownership of the property if you cannot pay the debt
- To borrow money to buy a house, etc. and give the lender the right to take possession of it if you fail to pay the money back