n.
Pronunciation: ' mo ̇ r-gij
Function: noun
Etymology: Middle English morgage, from Anglo-French mortgage, from mort dead (fr. Latin mortuus ) + gage gage ― more at MURDER
Date: 15th century
1 : a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
2 a : the instrument evidencing the mortgage b : the state of the property so mortgaged c : the interest of the mortgagee in such property