verb🔗ShareTo 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."propertyfinancebusinesseconomylawassetChat with AIVocabulary GamePractice Reading
verb🔗ShareTo pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term."The young couple is mortgaging their future earnings to buy their first house now. "financebusinesspropertyeconomyChat with AIVocabulary GamePractice Reading
noun🔗ShareThe act by which something is mortgaged."The mortgaging of their house allowed the family to start their new business. "propertyfinancebusinessChat with AIVocabulary GamePractice Reading
