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mortgage
(redirected from Mortage)

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.10 sec.

mortgage

Transfer of property, usually a house, as a security for repayment of a loan. The loan is normally repaid to a bank or building society over a period of years.



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3-million dollar Canada Mortage and Housing Corporation loan.
The commercial property sector took a hard knock after a home mortage meltdown triggered the biggest financial crisis in decades last year and plunged the world's largest economy into recession.
The database is estimated to cover 85 percent of the national active residental mortage market.
 
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