Recent Examples on the WebThe kicker on the new loans will be an entirely new concept: Principal repayment is due only upon death of the mortgagee! Scott Burns, Dallas News, 31 Dec. 2020 Warren's plan also includes a suite of bankruptcy protections and pro-borrower policies, including allowing people to modify their mortgagees in bankruptcy. Zak Hudak, CBS News, 7 Jan. 2020
Word History
First Known Use
1584, in the meaning defined above
Legal Definition
mortgagee
noun
mort·gag·ee ˌmȯr-gi-ˈjē
: a party (as a business or individual) to whom or in whose favor property is mortgaged