MORTGAGED — Definition of MORTGAGED
verb
1
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.
2
To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
📚 Source: en.wiktionary.org/wiki/mortgage
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