mortgage
A legal agreement where a bank or lender lends money at interest in exchange for taking title of the debtor's property. The property is used as security, meaning the bank can take the house if the money is not paid back.
Beispiele
3 von 5We pay our mortgage to the bank every month.
We pay our mortgage to the bank every month.
The applicant must provide three months of bank statements to qualify for a mortgage.
The applicant must provide three months of bank statements to qualify for a mortgage.
I'm so happy because we finally paid off our mortgage today!
I'm so happy because we finally paid off our mortgage today!
Synonyme
Gegenteile
Wortfamilie
Merkhilfe
The word comes from 'mort' (dead) and 'gage' (pledge). Think of it as a 'dead pledge' because the deal ends (dies) when the money is paid back.
Schnelles Quiz
Since we want to buy a house but don't have enough cash, we need to ask the bank for a ____.
Richtig!
Die richtige Antwort ist: mortgage
Beispiele
We pay our mortgage to the bank every month.
everydayWe pay our mortgage to the bank every month.
The applicant must provide three months of bank statements to qualify for a mortgage.
formalThe applicant must provide three months of bank statements to qualify for a mortgage.
I'm so happy because we finally paid off our mortgage today!
informalI'm so happy because we finally paid off our mortgage today!
The study examines how rising interest rates affect the demand for a mortgage.
academicThe study examines how rising interest rates affect the demand for a mortgage.
The firm decided to take out a mortgage on the new office building.
businessThe firm decided to take out a mortgage on the new office building.
Synonyme
Gegenteile
Wortfamilie
Häufige Kollokationen
Häufige Phrasen
second mortgage
second mortgage
underwater mortgage
underwater mortgage
chattel mortgage
chattel mortgage
Wird oft verwechselt mit
A loan is any borrowed money, but a mortgage is a specific type of loan used to buy property.
Rent is money paid to a landlord to live in a house; a mortgage is money paid to a bank to eventually own the house.
Nutzungshinweise
In everyday English, people often say 'my mortgage' to refer to the monthly payment itself as well as the legal agreement.
Häufige Fehler
The 't' in mortgage is silent. Learners often mistakenly pronounce the 't'.
Merkhilfe
The word comes from 'mort' (dead) and 'gage' (pledge). Think of it as a 'dead pledge' because the deal ends (dies) when the money is paid back.
Wortherkunft
Derived from Old French 'mort' (dead) and 'gage' (pledge), meaning the deal dies when the debt is paid.
Grammatikmuster
Kultureller Kontext
In many Western countries, obtaining a mortgage is considered a major milestone in adulthood and the primary way to build personal wealth.
Schnelles Quiz
Since we want to buy a house but don't have enough cash, we need to ask the bank for a ____.
Richtig!
Die richtige Antwort ist: mortgage
Verwandtes Vokabular
Mehr law Wörter
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tenant
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prosecutor
A1A prosecutor is a lawyer who works for the government. Their job is to show a court that someone has committed a crime.
defendant
A1A defendant is a person or organization that is being accused of a crime or is being sued in a court of law. This person is required to answer the legal charges brought against them by another party.
plaintiff
A1A person or group who brings a legal case against another in a court of law. They are the ones starting the lawsuit because they believe they have been wronged.
jury
A1A group of ordinary people chosen to listen to the facts of a trial in a court of law. They listen to the evidence and decide if a person is guilty or not guilty.
lawsuit
A1A lawsuit is a legal case where one person or group brings a disagreement to a court of law for a judge to decide. It usually happens when someone wants money or a specific action from another person because of a problem or injury.
proof
A1Proof is a fact or a piece of information that shows something is true. In a legal context, it is what a person uses to convince a judge or jury that a crime happened.
misdemeanor
A1A misdemeanor is a minor crime that is less serious than a felony. It is usually punished by a fine or a short period of time in a local jail rather than a state prison.
sentence
A1A sentence is a punishment given by a judge to someone who has been found guilty of a crime. It explains how much time a person must spend in prison or how much money they must pay as a fine.
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