[noun] [C] - an agreement which allows you to borrow money from a bank or similar organization, esp. in order to buy a house or apartment, or the amount of money itselfIf you fail to repay the mortgage, the bank will repossess your house.They took out a £40 000 mortgage (= They borrowed £40 000) to buy the house.
MORTGAGE
Meaning of MORTGAGE in English
Cambridge English vocab. Кембриджский английский словарь. 2012