Both Uses of
mortgage
in
Severance
- He granted the family a lovely blue split-level house, financed on a fifteen-year mortgage, with a backyard large enough to accommodate a koi pond and several fruit-bearing trees.†
p. 181.5 *mortgage = a real estate loan; or pledging something for a loan
- They called themselves Occupy Wall Street, and they were protesting not only the government's bank bailouts after the mortgage crisis, but also President Obama's perceived failure to hold banks accountable for their bludgeoning misdeeds.†
p. 213.9
Definition:
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)
(collateral is something that has to be given to the lender if the loan isn't paid as agreed)