Mortgaging

1 definition found

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

  Mortgage \Mort"gage\, v. t. [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.
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     2. Hence: To pledge, either literally or figuratively; to
        make subject to a claim or obligation.
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              Mortgaging their lives to covetise.   --Spenser.
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              I myself an mortgaged to thy will.    --Shak.
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