n. & v.
--n.
1. a a conveyance of property by a debtor to a creditor as security for a debt (esp. one incurred by the purchase of the property), on the condition that it shall be returned on payment of the debt within a certain period. b a deed effecting this.
2 a a debt secured by a mortgage. b a loan resulting in such a debt.
--v.tr.
1. convey (a property) by mortgage.
2 (often foll. by to) pledge (oneself, one's powers, etc.).
Phrases and idioms:
mortgage rate the rate of interest charged by a mortgagee.
Derivatives:
mortgageable adj.
Etymology: ME f. OF, dead pledge f. mort f. L mortuus dead + gage GAGE(1)