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mortgage
noun
a
long-term
loan
used
to
buy
a
house
,
apartment
,
or
other
real
estate
,
which
is
repaid
in
regular
installments
and
is
secured
by
the
property
itself
•
They
finally
paid
off
their
mortgage
after
30
years
.
They
finally
paid
off
their
mortgage
after
30
years
.
•
The
bank
offers
fixed-rate
mortgages
to
first-time
buyers
.
The
bank
offers
fixed-rate
mortgages
to
first-time
buyers
.
Middle
English
,
from
Old
French
"
mort
gage
"
meaning
"
dead
pledge
,"
because
the
pledge
ended
(
was
dead
)
when
the
debt
was
repaid
.
verb
-
mortgage
,
mortgaging
,
mortgages
,
mortgaged
to
borrow
money
against
the
value
of
your
property
,
giving
the
lender
the
right
to
take
the
property
if
the
loan
is
not
repaid
•
He
decided
to
mortgage
his
house
to
start
the
business
.
He
decided
to
mortgage
his
house
to
start
the
business
.
•
They
mortgaged
the
property
at
a
low
interest
rate
.
They
mortgaged
the
property
at
a
low
interest
rate
.
Same
origin
as
the
noun
:
from
Old
French
"
mort
gage
"
meaning
"
dead
pledge
".