mortgaged
- adjective
- /ˈmɔrɡɪdʒd/
- Nearly every building on that street is mortgaged to the bank.
Examples
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The mortgaged house was difficult to sell.
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She refused to buy a heavily mortgaged property.
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His family's business was so mortgaged that they struggled to make interest payments.
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She bought a mortgaged property last year.
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The family home is mortgaged, making it hard for them to afford other expenses.
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Many of the mortgaged houses in the neighborhood were built during the housing boom.
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Buying a mortgaged asset can be risky if you don't have a stable income.
Antonyms
How Encumbered
Surface Forms
Morphology
Etymology
The word mortgaged comes from old French words mort ('dead') and gage ('pledge'). The idea is a 'dead pledge' — the property is promised to a lender until the debt is paid, so a mortgaged property is one given to the bank as a promise until you finish paying the loan.