Mortgaged
/ˈmɔːrɡɪdʒd/
Definitions
- (adj.) Subject to a mortgage; encumbered by a mortgage on property.
The mortgaged house could not be sold without the lender's consent.
- (v.) Past tense and past participle of mortgage, meaning to pledge property as security for a loan.
She mortgaged her home to secure the loan.
Forms
- mortgage
- mortgaging
- mortgages
Related terms
See also
Commentary
As a past tense verb, 'mortgaged' refers to the act of pledging property; as an adjective, it describes property burdened by such a pledge.
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.