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Main Entry: 1mort·gage

Pronunciation: \ˈmȯr-gij\
Function: noun
Etymology: Middle English morgage, from Anglo-French mortgage, from mort dead (from Latin mortuus) + gage gage
Date: 15th century

1 : a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms

2 a : the instrument evidencing the mortgage b : the state of the property so mortgaged c : the interest of the mortgagee in such property

Source: Merriam-Webster dictionary