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Glite Dictionary
🃏 A card game 🏠 A mortgage 📅 A meeting
mtg

mtg

9.6
A loan to buy a house where the house is used as security
  • noun
  • Jargon
translation icon : hipoteca
  • And I love the folks who say he signed the mtg bailout... um, er, I didn't see the messiah talking vs. that, did you?

Examples

  • To secure the loan for their new home, they signed the mtg with the bank.

  • After reviewing the terms of the mtg, they felt confident about their decision to buy the property.

  • Her monthly mtg payment includes both the principal and interest on the loan.

Synonyms

mortgage loan
vsmtg
  • Specialized
8 3.2

A loan to buy a house or other property that you pay back over time

is the agreement that uses property as security rather than the money borrowed
mortgage deed
vsmtg
  • Formal
7.1

A document that says a bank can take your property if you do not pay back a loan

is the short name for the agreement using property as security not the formal document

Surface Forms

mtg singular
mtgs plural

Morphology

mtg = mortgage (transparent) = m + t + g

The form 'mtg' is a direct written abbreviation representing 'mortgage'; knowing 'mortgage' makes the meaning clear.

Etymology

Mtg is short for mortgage, a word made from old parts mort- ('death') and gage ('pledge'), so it once meant a 'dead pledge' when property was held until a loan was paid. That's why mtg often means the loan that uses your house as security.