Definition of 'mortgage'
1. countable noun [ oft NOUN noun ] A mortgage is a loan of money which you get from a bank or building society in order to buy a house. 2. verb If you mortgage your house or land, you use it as a guarantee to a company in order to borrow money from them. 4. a regular payment of money borrowed under such an agreement a mortgage of £750 per month verb ( transitive ) 5. to pledge (a house or other property) as security for the repayment of a loan adjective 6. of or relating to a mortgage a mortgage payment