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