(finance) A type of mortgage (typically a loan to buy a house) in which, over the term of the loan, the borrower gradually repays the loan principal, in addition to paying interest, so that at the end of the term the principal is wholly repaid. Contrasted with endowment mortgage.

plural of mortgage deed

Used other than figuratively or idiomatically: see mortgage, deed. / (slang, obsolete) A pawnbroker's ticket or duplicate.

plural of endowment mortgage

(finance) A type of mortgage (typically a loan to buy a house) where, over the term of the loan, the borrower's regular payments to the lender cover only the interest charged by the lender. At the same time, the borrower makes regular payments into a separate savings or investment plan. When this plan matures, the borrower uses the proceeds to repay the principal of the loan. Contrasted with repayment mortgage.

plural of Welsh mortgage

A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

(chiefly southern US, idiomatic, dated, law, finance) A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.

Synonym of anaconda mortgage

plural of wraparound mortgage