Mortgage Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Mortgage, written in plain English, along with examples of how it is used.

What is Mortgage?

(n) Mortgage is the property or title to a property which has been pledged with a lender to secure the loan taken from such lender. The French word means ‘dead pledge’. Law require registration of the Mortgage. The mortgagee can utilise the property so pledged to recover his legitimate dues from that mortgage agreement.