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mortgager

/ˈmɔːrɡɪdʒər/ /ˈmɔːrɡədʒər/

Meanings
noun
One who uses property they own as security for a loan; the borrower in a mortgage agreement.

Examples :

"The mortgager was relieved when the bank approved their loan to buy a new home. "
property finance business economy law

Related Words

Illustration relieved

relieved verb

/ɹɪˈliːvd/

To ease (a person, person's thoughts etc.) from mental distress; to stop (someone) feeling anxious or worried, to alleviate the distress of.

"The good news about the test results relieved her of her anxieties. "

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 their

their pronoun

/ðeər/

Belonging to or associated with the people or things previously mentioned or easily identified.

"They brought their books with them."

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 security

security noun

/sɪˈkjɔːɹəti/ /səˈkjɔɹ.ɪˌti/

The condition of not being threatened, especially physically, psychologically, emotionally, or financially.

"The family prioritized security by installing a strong lock on the front door. "

Illustration they

they pronoun

/ðeɪ/

(the third-person plural) A group of people, animals, plants or objects previously mentioned.

"Dogs may bark if they want to be fed."

Illustration approved

approved verb

/əˈpɹuːvd/

To sanction officially; to ratify; to confirm; to set as satisfactory.

"Although we may disagree with it, we must nevertheless approve the sentence handed down by the court-martial."

Illustration borrower

borrower noun

/ˈbɔɹəuə/

One who borrows.

"My brother is the borrower; he often asks to borrow my tools. "

Illustration when

when noun

/ʍɛn/ /wɛn/

The time at which something happens.

"A good article will cover the who, the what, the when, the where, the why and the how."

Illustration uses

uses noun

/ˈjuːzɪz/ /ˈjuːsɪz/

The act of using.

"The use of torture has been condemned by the United Nations."

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."