Visual meaning of 'mortgaged'? - learn with images, example in daily life

Visual illustration of mortgaged: To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.

verb

To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.

"We mortgaged our house in order to start a company."

property finance business economy

Visual illustration of mortgaged: To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term. - Image 1

mortgaged: To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term. - Thumbnail 1

mortgaged: To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term. - Thumbnail 2

verb

To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.

"The family mortgaged their house to pay for their daughter's college tuition. "

property business finance economy