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mortgagorenUK
mort·ga·gor M0430400 (môr′gĭ-jôr′, môr′gĭ-jər) also mort·gag·er (môr′gĭ-jər)n. One that mortgages property, usually the nominal owner entitled to use of the property.mortgagor (ˈmɔːɡɪdʒə; ˌmɔːɡɪˈdʒɔː) or mortgagern (Law) property law a person who borrows money by mortgaging his or her property to the lender as securitymort•ga•gor or mort•gag•er (ˈmɔr gə dʒər)
n. a person who mortgages property. mortgagora person who mortgages property or gives the property as security; the borrower in a mortgage transaction.See also: Property and OwnershipThesaurus| Noun | 1. | mortgagor - the person who gives a mortgage in return for money to be repaid; "we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home"mortgagerdebitor, debtor - a person who owes a creditor; someone who has the obligation of paying a debt |
TranslationsHypothekenschuldnerdebitore ipotecariomortgagorenUK
mortgagor, mortgager Property law a person who borrows money by mortgaging his property to the lender as security mortgagorThe borrower who obtains a mortgage.mortgagorenUK
mortgagorn. the person who has borrowed money and pledged his/her real property as security for the (mortgagee). (See: mortgage, mortgagee) MORTGAGOR, estate's, contracts. He who makes a mortgage.
2. He has rights, and is liable to certain duties as such. 1. He is quasi tenant, at will; he is entitled to an equity of redemption after forfeiture. 2. He cannot commit waste, nor make a lease injurious to the mortgagee. As between the mortgagor and third persons, the mortgagor is owner of the land. Dougl. 632; 4 McCord, R. 310; 3 Fairf. R. 243; but see 3 Pick. R. 204; 1 N. H. Rep. 171; 2 N. H. Rep. 16; 10 Conn. R. 243; 1 Vern. 3; 2 Vern. 621; 1 Atk. 605. He can, however, do nothing which will defeat the rights of the mortgagee, as, to make a lease to bind him. Dougl. 21. Vide Mortgagee; 2 Jack. & Walk. 194. MortgagorenUK
MortgagorIn a mortgage, the party that borrows funds. The mortgagor must repay the amount borrowed to the mortgagee (which is usually a bank).mortgagorenUK
Synonyms for mortgagornoun the person who gives a mortgage in return for money to be repaidSynonymsRelated Words |