Q:

What is mortgaged

Answer

Mortgage noun, verb, -noun 1. a conveyance of an interest in property as security for the repayment of money borrowed. 2. the deed by which such a transaction is effected. 3. the rights conferred by it, or the state of the property conveyed.ChaCha

Categorized In: Real Estate , Definitions

Source: Mortgage Definition | Definition of Mortgage at Dictionary.com | dictionary.reference.com

Description: mortgage /mrgd/ Show Spelled Pronunciation mawr-gij Show IPA noun, verb, -gaged, -gaging. -noun 1. a conveyance of an interest in property as security for the repayment of money borrowed. 2. the deed by which such a transaction is effected. 3. the right

Nov 13, 11:47am

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More ChaCha Answers (1)

A mortgage is money that is loaned to you by a financial institution to purchase a home or commercial property.

May 09 2009, 05:19pm | Source: Calculators for mortgages, savings, small business, credit cards and auto loans by Bankrate | www.bankrate.com