| Mortgage (mortgage) |
|---|
| n. | (môr"g***asl]j; 48) |
|---|
| Mort"gage |
| [F. mort-gage; mort dead (L. mortuus) +
gage pledge. See Mortal, and Gage.] |
A conveyance of property, upon
condition, as security for the payment of a debt or the preformance
of a duty, and to become void upon payment or performance according
to the stipulated terms; also, the written instrument by which the
conveyance is made.
State of being pledged; as, lands given in
mortgage.
|
| Mortgage (mortgage) |
|---|
| v. t. | |
|---|
| Mort"gage |
|
To grant
or convey, as property, for the security of a debt, or other
engagement, upon a condition that if the debt or engagement shall be
discharged according to the contract, the conveyance shall be void,
otherwise to become absolute, subject, however, to the right of
redemption.
Hence: To pledge, either literally or
figuratively] to make subject to a claim or obligation.
|
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In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website. 