What is the Latin meaning of mortgage?
Mortgage. “Word nerds will notice an eerie root word in ‘mortgage’ — ‘mort,’ or ‘death,'” Weller writes. “The term comes from Old French, and Latin before that, to literally mean ‘death pledge. ‘”
What is a mortgage simple definition?
A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you’ve borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.
Is mortage a word?
noun Common misspelling of mortgage . verb Common misspelling of mortgage .
What is mortgage etymology?
From where did the word “mortgage” come? The word comes from Old French morgage, literally “dead pledge,” from mort (dead) and gage (pledge). According to the online etymology dictionary, it is so called because the deal dies when the debt is paid or when payment fails.
Why is mortgage called mortgage?
The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning “death pledge” and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.
Who is the mortgage?
A mortgagor is someone who borrows money to pay for their home. The mortgagor is often referred to as the borrower or client. A mortgagee is an entity that lends the mortgagor money.
What is the antonym of mortgage?
Opposite of a privilege of delayed payment extended to a buyer or borrower. cash. upfront payment. advance payment.
Is mortgage a loan?
A mortgage is a type of loan that’s used to finance property. A mortgage is a type of loan, but not all loans are mortgages. Mortgages are “secured” loans. With a secured loan, the borrower promises collateral to the lender in the event that they stop making payments.
What does mortgage mean in Monopoly?
What does mortgage mean in Monopoly? In a game of Monopoly, mortgaging a property puts it ‘on hold’ temporarily. You will still be in possession of the property card, but you can’t build on a mortgaged property and you must stop charging rent on it. You can’t mortgage a property if it has houses or hotels on it.
Who invented mortgages?
When Lewis Ranieri invented mortgage bonds, he never thought it would turn out this way. Four decades ago, Mr. Ranieri was at the helm of a revolution in how Americans finance their homes. Until then, mortgages largely stayed on the books of local savings banks.
What is the origin of the word civis?
civis (Latin) Origin & history. From Proto-Indo-European *ḱey- (“to lie down, settle; home, family; love; beloved”). Cognate with Sanskrit क्षेति (kṣeti), Ancient Greek κεῖμαι (keĩmai, “to lie”), κοίτη (koítē, “bed”), Armenian սեր (sēr, “love”), Old Church Slavonic сѣмь (Russian семья) and Old English hām (English home).
What is the meaning of civis romanus sum?
civis romanus sum: civis romanus sum (Latin) Origin & history Said by Cicero. From cīvis (“a citizen”) + rōmānus (“Roman”) + sum (“I am”). Literally meaning “I…
What does cives statim omnia ad urbem defendendam Parant mean?
Cives statim omnia ad urbem defendendam parant. The citizens immediately prepared everything to defend the city. He became an American citizen in 1972.