Mortgage Deed
/ˈmɔːrɡɪdʒ diːd/
Definitions
- (n.) A legal document that creates a security interest in real property granted by a borrower to a lender to secure repayment of a loan.
The borrower signed the mortgage deed to secure the home loan.
Forms
- mortgage deed
- mortgage deeds
Related terms
See also
Commentary
Typically drafted to detail the borrower's obligations and the lender's rights in case of default; precise property description is essential to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.