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mortgage - definition and synonyms

 
 
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noun [countable] mortgage pronunciation in British English /ˈmɔː(r)ɡɪdʒ/
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singularmortgage
pluralmortgages
  1. a legal agreement in which you borrow money from a bank in order to buy a house. You pay back your mortgage by making monthly payments
    get/obtain/take out/arrange a mortgage:

    On my present salary I can’t get a mortgage.

    mortgage on:

    Do you have a mortgage on your house?

    1. a.
      the amount of money that you borrow in a mortgage agreement

      a £70,000 mortgage

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