To mortgage something is to borrow money from a bank or other institution in order to purchase something. When you mortgage a house, you are agreeing to pay back the money that you borrow over a period of years.
They mortgaged their house to buy the car.
She is trying to mortgage her brain so that she can remember the notes for the test.
verb
To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
verb
To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
noun
The act by which something is mortgaged.
1
Payments on fully amortized mortgages are usually required monthly.
2
You can't get out of paying your mortgage or car payments through deferment.
3
His mortgage was refinanced.
4
Mortgage fraud schemes proliferate.
5
A mortgage valuation is for the benefit of the lender.
6
The union provided the majority of the mortgage.
7
Mortgage loans are typically amortizing loans.
8
Mortgages do account for the length of the loan.
9
She wins and pays the mortgage on the house.
10
He gave out the amortized mortgages.