| 单词 | mortgage |
| 释义 | mortgage mortgage /; AmE / noun, verb
■ noun [C] (also property loan)
ENDOWMENT MORTGAGE
a legal agreement by which a bank or similar organization lends you money to buy a house, flat/apartment, etc. or land, and you pay the money back over a number of years; the sum of money that you borrow: Taking out a mortgage is a big financial commitment. You can save thousands in interest by paying off your mortgage early. Interest rates, and therefore mortgage repayments, are expected to rise next year. First-time buyers were applying for an average mortgage of $150 050. He bought the company by taking out a second mortgage on his house. people who fell into mortgage arrears after the housing crash ⇨ HOME LOAN See note at LOAN
❖ to apply for/get/have/take out a mortgage ◆ to pay/pay off/repay a mortgage ◆ mortgage payments/repayments mortgage arrears
■ verb [+ obj]
to borrow money from a bank or similar organization, giving the bank the legal right to own your house or land if you do not pay back the money that you have borrowed: They financed the company by mortgaging their property. |
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