mortgaged

Meanings

• verb

  The act of providing something as security for a loan.

  - "He mortgaged his house to pay for his child's education."
  - "They were unable to sell their house because it was still mortgaged."

• noun

  A loan secured by the collateral of specified real property.

  - "They took out a large mortgage to buy their dream home."
  - "The foreclosure sale was the result of a defaulted mortgage."

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Rhymes

Words rhyming with mortgaged
borrowed , coddled , muffled , puffed , stowed

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Variants

List of all variants of mortgaged that leads to same result
mortgage , mortgaged , mortgages , mortgaging

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Etymology

origin and the way in which meanings have changed throughout history.

From the Old French word 'mort' meaning 'dead' and 'gage' meaning 'pledge' or 'payment'. A mortgaged property is essentially 'dead' to the borrower until the loan is repaid.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first recorded use of the term 'mortgage' in English was in 1538.

2. In the United States, the average length of a mortgage is about 30 years.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Amortization: The process of gradually reducing the amount of debt owed on a loan by making regular payments, usually over a fixed period.

2. Equity: The difference between the market value of a property and the amount of mortgage debt secured against it.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Mortgages have been a significant part of the housing market for centuries. They allow individuals to purchase properties that they may not be able to afford outright. The concept of a mortgage is closely tied to the idea of homeownership and the American Dream.

How to Memorize "mortgaged"

1. visualize
   

   - Visualize a house or property being used as collateral for a loan. Imagine a borrower signing papers and handing over the title to the lender until the loan is repaid.

2. associate
   

   - Associate the word 'mortgage' with the idea of homeownership and the American Dream. Remember that it is a loan secured by real property.

3. mnemonics
   

   - Use the mnemonic 'Mortgage is a loan for a house' to help remember the meaning of the word.

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Memorize "mortgaged" using Dictozo

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