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Mortgage
01
an official contract or arrangement by which a bank gives money to someone as a loan to buy a house and the person agrees to repay the loan over a specified period, usually with interest
Grammatical Information
animacy status
abstract
Composition
Compound
countable
plural form
mortgages
Examples
They took out a mortgage to buy their first house in the suburbs.
to mortgage
01
to pledge property as security for a loan or other obligation
Grammatical Information
Composition
Simple
action verb
regular
present tense
mortgage
3rd person singular
mortgages
present participle
mortgaging
past simple
mortgaged
past participle
mortgaged
Examples
They mortgaged their house to secure a business loan.
