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A legal document in which you promise to repay the lender, giving the lender the right to take possession of the home if you default on the terms of your loan.

Merriam-Webster Online Dictionary
mortgage (noun)
1.
a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
2.
a) the instrument evidencing the mortgage
b) the state of the property so - mortgaged
c) the interest of the in such property - mortgagee
mortgage (verb)
transitive verb
1.
to grant or convey by a mortgage
2.
to subject to a claim or obligation - pledge
Merriam-Webster Online Thesaurus
mortgage (verb)
to obligate by prior agreement
SYNONYMS:
commit, engage, mortgage, troth
RELATED WORDS:
affiance, betroth, plight, promise, swear, vow; contract, enlist, enroll ( enrol), sign on, sign up; overcommit
NEAR ANTONYMS:
renege
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