Mortgaging
/ˈmɔːrɡɪdʒɪŋ/
Definitions
- (v.) The act of creating or granting a mortgage by which real property is pledged as security for a loan or obligation.
The homeowner is mortgaging her property to secure the loan.
Forms
- mortgage
- mortgages
- mortgaged
Related terms
See also
Commentary
Use 'mortgaging' specifically to denote the act or process of granting a mortgage; avoid confusing with the noun 'mortgage'.
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.