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What is the meaning of MORTG. Phrases containing MORTG
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MORTG
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MORTG
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v. t.
To bear the charges or burden of holding or having, as stocks, merchandise, etc., from one time to another; as, a merchant is carrying a large stock; a farm carries a mortgage; a broker carries stock for a customer; to carry a life insurance.
n.
Pledge; security; bail. See Mortgage.
n.
State of being pledged; as, lands given in mortgage.
n.
A kind of pledge or mortgage.
v. t.
To put beyond hazard of losing or of not receiving; to make certain; to assure; to insure; -- frequently with against or from, rarely with of; as, to secure a creditor against loss; to secure a debt by a mortgage.
n.
A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and usually does, exceed the legal rate of interest. See Hypothecation.
v. t.
To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry.
v. t.
To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
n.
gives a mortgage.
v. t.
Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.
v. t.
To recall, as an estate, or to regain, as mortgaged property, by paying what may be due by force of the mortgage.
n.
One who gives a mortgage.
imp. & p. p.
of Mortgage
n.
Alt. of Mortgagor
a.
Free from any temporary estate or interest, or from mortgage, or other charge or debt; as, an estate unincumbered with dower.
n.
One not privy or party an act, contract, or title; a mere intruder or intermeddler; one who interferes without right; as, actual possession of land gives a good title against a stranger having no title; as to strangers, a mortgage is considered merely as a pledge; a mere stranger to the levy.
n.
The person to whom property is mortgaged, or to whom a mortgage is made or given.
n.
The liberation of an estate from a mortgage, or the taking back of property mortgaged, upon performance of the terms or conditions on which it was conveyed; also, the right of redeeming and reentering upon an estate mortgaged. See Equity of redemption, under Equity.
p. pr. & vb. n.
of Mortgage
n.
A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
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