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{%type%} Definitions

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n. - The person who gives a loan on a house in return for money to be repaid.

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Usage examples (37)
  • In the case of a non-recourse mortgage, the mortgagor is promising the bank that he will EITHER repay the loan OR give the bank the house.
  • And Kathleen Hays looks at the big airline mortgagor.
  • A mortgagor owes the obligation secured by the mortgage.
  • It gave the mortgagor, in essence, one year to redeem his property.
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