Choose the perfect synonym or antonym for the word
Mortgage
/ˈmɔːgɪʤ/
A legal agreement where a bank lends money to buy a house, and the borrower repays over time with interest.
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Examples:
Bank statements say a lot about a mortgage applicant.
They refinanced their mortgage to lower the interest rate.
Her mortgage lender offered several repayment options.
Etymology:
The word mortgage comes from the Old French morgage, literally meaning dead pledge, used since the late 14th century. The term mort comes from Latin mortuus, meaning dead, and gage from Germanic, implying a pledge or contract.