单词	mortgagor
释义	mortgagormort‧ga‧gor /ˈmɔːɡɪdʒə $ ˈmɔːrɡɪdʒər/ noun [countable] Examples EXAMPLES FROM THE CORPUS If the mortgagor is a lessee for years he effects the mortgage by a sub-lease. In certain cases, a prior mortgagee may make further advances to the mortgagor which will rank in priority to subsequent mortgages. So the court has full discretion over litigation costs incurred in proceedings between mortgagor and mortgagee. The mortgagor creates by deed a legal charge upon the land. The mortgagor had been ordered to pay the mortgagee's costs which had been taxed at £60. The Judicature Act decided that as against a stranger the mortgagor in possession must be treated as owner. The transfer to its mortgagors, the Hammonds, and its own legal charge had been registered at H.M. This also applies to owners taking over responsibility from defaulting tenants, and finance houses taking back property from mortgagors. a person who borrows money from a bank or other organization in order to buy property
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