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mortgages

4 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Record \Re*cord"\ (r?*k?rd"), verb (used with an object) [imp. & p. p. {Recorded}; p. pr. & vb. n. {Recording}.] [OE. recorden to repeat, remind, F. recorder, fr. L. recordari to remember; pref. re- re- + cor, cordis, the heart or mind. See {Cordial}, {Heart}.]

1. To recall to mind; to recollect; to remember; to meditate. [Obs.] "I it you record." --Chaucer.

2. To repeat; to recite; to sing or play. [Obs.]

They longed to see the day, to hear the lark Record her hymns, and chant her carols blest. --Fairfax.

3. To preserve the memory of, by committing to writing, to printing, to inscription, or the like; to make note of; to write or enter in a book or on parchment, for the purpose of preserving authentic evidence of; to register; to enroll; as, to record the proceedings of a court; to record historical events.

Those things that are recorded of him . . . are written in the chronicles of the kings. --1 Esd. i. 42.

{To record a deed}, {mortgage}, {lease}, etc., to have a copy of the same entered in the records of the office designated by law, for the information of the public.

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Mortgage \Mort"gage\ (m[^o]r"g[asl]j; 48), noun [F. mort-gage; mort dead (L. mortuus) + gage pledge. See {Mortal}, and {Gage}.]

1. (Law) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.

Note: It was called a mortgage (or dead pledge) because, whatever profit it might yield, it did not thereby redeem itself, but became lost or dead to the mortgager upon breach of the condition. But in equity a right of redemption is an inseparable incident of a mortgage until the mortgager is debarred by his own laches, or by judicial decree. --Cowell. --Kent.

2. State of being pledged; as, lands given in mortgage.

{Chattel mortgage}. See under {Chattel}.

{To foreclose a mortgage}. See under {Foreclose}.

{Mortgage deed} (Law), a deed given by way of mortgage.

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Mortgage \Mort"gage\, verb (used with an object) [imp. & p. p. {Mortgaged}; p. pr. & vb. n. {Mortgaging}.]

1. (Law) To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.

2. Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.

Mortgaging their lives to covetise. --Spenser.

I myself an mortgaged to thy will. --Shak.

From WordNet (r) 3.0 (2006) [wn]:

mortgage

noun

1: a conditional conveyance of property as security for the repayment of a loan

verb

1: put up as security or collateral

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Definitions retrieved from the Open Source DICT Webster's English and WordNet 3.0 dictionaries. Click here for database copyright information.

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