Both Uses
mortgage
in
The Duck Commander Family
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- Pa and Granny would provide the down payment for the property, and Phil and Kay would assume the monthly mortgage payments as my grandparents eased into retirement.†
p. 24.1 *mortgage = a real estate loan; or pledging something for a loan
- We took out a second mortgage on our house to buy half of the company.†
p. 138.3
Definitions:
-
(1)
(mortgage) a real estate loan; or to offer real estate as collateral for a loan
(collateral is something that has to be given to the lender if the loan isn't paid as agreed) - (2) (meaning too rare to warrant focus)