Loan vs. Mortgage

Loannoun

A sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).

Loannoun

The contract and array of legal or ethical obligations surrounding a loan.

Loannoun

The permission to borrow any item.

Loannoun

(Scotland) A lonnen.

Loanverb

To lend (something) to (someone).

Loannoun

A loanin.

Loannoun

The act of lending; a lending; permission to use; as, the loan of a book, money, services.

Loannoun

That which one lends or borrows, especially a sum of money lent at interest; as, he repaid the loan.

Loanverb

To lend; - sometimes with out.

Loannoun

the temporary provision of money (usually at interest)

Loannoun

a word borrowed from another language; e.g. `blitz' is a German word borrowed into modern English

Loanverb

give temporarily; let have for a limited time;

Mortgagenoun

(legal) A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.

Mortgagenoun

(obsolete) State of being pledged.

Mortgageverb

To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.

Mortgageverb

To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.

Mortgagenoun

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.

Mortgagenoun

State of being pledged; as, lands given in mortgage.

Mortgageverb

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.

Mortgageverb

Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.

Mortgagenoun

a conditional conveyance of property as security for the repayment of a loan

Mortgageverb

put up as security or collateral

Mortgagenoun

a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt

Mortgagenoun

the amount of money borrowed in a mortgage

Mortgagenoun

a deed effecting a mortgage.

Mortgageverb

convey (a property) to a creditor as security on a loan

Mortgageverb

expose to future risk or constraint for the sake of immediate advantage