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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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Short "hint"

An agreement in which borrower gives the lender a claim to property as a pledge that the debt will be paid.

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Usage examples (37)
  • When they bought their house, they needed to apply for a mortgage loan.
  • Throughout this discussion, the term mortgage fraud is intended to encompass predatory lending practices as well.
  • On the lender's balance sheet, the mortgage is an asset.
  • The primacy of a mortgage is an ancient aspect of our law.
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