The meaning of Mortgaged

verb

Convey (a property) to a creditor as security on a loan.

Usage examples:

The estate was mortgaged up to the hilt

noun

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Usage examples:

I put down a hundred thousand in cash and took out a mortgage for the rest

noun

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Usage examples:

I put down a hundred thousand in cash and took out a mortgage for the rest

noun

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Usage examples:

I put down a hundred thousand in cash and took out a mortgage for the rest

adjective

A mortgaged property has been bought using a mortgage that has not yet been paid back, or used as security to borrow money

Usage examples:

A transfer of mortgaged property from joint names to one name is likely to incur a charge., each ho…