Business name word
Mortgage
A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.
Pronunciation: /ˈmɔːɡɪd͡ʒ/, /ˈmoːɡɪd͡ʒ/
What “Mortgage” means
Noun
- A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.
- The state of being pledged.
Verb
- To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
- To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
Where the word comes from
From Middle English morgage and Middle French mortgage, from Anglo-Norman morgage, from Old French mort gage (“dead pledge”), after a translation of judicial Medieval Latin mortuum wadium, with wadium from Frankish *wadi (“wager, pledge”). Compare gage and also wage. So called because rents and profits from the land were owed to the lender for as long as the gage existed (comparable to interest on a loan today), as opposed to the living gage, in which rents and profits automatically reduced the debt (paying it off over time).
Meanings and etymology from Wiktionary, available under CC BY-SA 4.0.
Business name ideas with “Mortgage”
Industries where “Mortgage” fits
We suggest this word for 1 business types and industries, including: