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mortgagee

/ˌmɔːrɡəˈdʒiː/ /ˌmɔːrɡɪˈdʒiː/

Meanings
noun
One who provides a loan secured upon the borrowers' property, the lender in a mortgage agreement.

Examples :

"The bank, as the mortgagee, held the lien on the family's house until the loan was completely paid off. "
property finance business law economy

Related Words

Illustration borrowers

borrowers noun

/ˈbɒrəʊərz/ /ˈbɑːroʊərz/

One who borrows.

"The bank offers lower interest rates to borrowers with good credit. "

Illustration loan

loan noun

/ləʊn/ /loʊn/

An act or instance of lending, an act or instance of granting something for temporary use.

"Because of the loan that John made to me, I was able to pay my tuition for the upcoming semester."

Illustration lender

lender noun

/ˈlɛndɚ/

One who lends, especially money; specifically, a bank or other entity that specializes in granting loans.

"The bank is the lender for many families who need a mortgage to buy a house. "

Illustration completely

completely adverb

/kəmˈpliːtli/

(manner) In a complete manner

"Please completely fill in the box for your answer, using a number 2 pencil."

Illustration mortgage

mortgage noun

/ˈmɔː.ɡɪdʒ/ /ˈmɔɹ.ɡɪdʒ/

A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.

"To buy a house, John took out a mortgage. "

Illustration provides

provides verb

/pɹəˈvaɪdz/

To make a living; earn money for necessities.

"It is difficult to provide for my family working on minimum wage."

Illustration family

family noun

/ˈfɛm(ɘ)li/ /ˈfæm(ɪ)li/ /ˈfæm(ə)li/

A group of people who are closely related to one another (by blood, marriage or adoption); kin; for example, a set of parents and their children; an immediate family.

"Our family lives in town."

Illustration secured

secured verb

/səˈkjɔːd/ /səˈkjɔɹd/

To make safe; to relieve from apprehensions of, or exposure to, danger; to guard; to protect.

"The homeowner secured his house by locking all the doors and windows before leaving for vacation. "

Illustration until

until preposition

/ənˈtɪl/

Up to the time of (something happening).

"We will stay at the park until the sun sets. "

Illustration property

property noun

/ˈpɹɒp.ət.i/ /ˈpɹɑp.ɚt.i/

Something that is owned.

"Important types of property include real property (land), personal property (other physical possessions), and intellectual property (rights over artistic creations, inventions, etc.)."

Illustration agreement

agreement noun

/əˈɡɹiːmənt/

An understanding between entities to follow a specific course of conduct.

"to enter an agreement;  the UK and US negotiators nearing agreement;  he nodded his agreement."

Illustration house

house noun

/hʌʊs/ /haʊs/ /haʊz/

A structure built or serving as an abode of human beings.

"My family's house is located near the school. "