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View synonyms for mortgagor

mortgagor

or mort·gag·er

[ mawr-guh-jer ]

noun

  1. a person who mortgages property.


mortgagor

/ ˌmɔːɡɪˈdʒɔː; ˈmɔːɡɪdʒə /

noun

  1. property law a person who borrows money by mortgaging his property to the lender as security
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Word History and Origins

Origin of mortgagor1

First recorded in 1575–85; mortgage + -or 2
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Compare Meanings

How does mortgagor compare to similar and commonly confused words? Explore the most common comparisons:

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Example Sentences

Until the mortgagor fails to execute his part of the agreement, he retains possession of the property.

On the other hand a somewhat different rule applies between mortgagor and mortgagee.

If there is a surplus after satisfying the mortgage debt it must be paid to the mortgagor, or, if he is dead, to his heir.

If they are destroyed by fire, the mortgagor cannot claim to have the insurance applied in liquidation of the mortgage debt.

If the sums collected from the two sources exceed the amount advanced to the mortgagor that is only the mortgagee's affair.

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mortgage ratemortician