Mortgagor

3 definitions found

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

  Mortgageor \Mort"gage*or\, Mortgagor \Mort"ga*gor\, n. (Law)
     One who gives a mortgage.
     [1913 Webster]
  
     Note: The letter e is required analogically after the second
           g in order to soften it; but the spelling mortgagor is


           in fact the prevailing form. When the word is
           contradistinguished from mortgagee it is accented on
           the last syllable (-j[^o]r").
           [1913 Webster]

From WordNet (r) 2.0 [wn]:

  mortgagor
       n : the person who gives a mortgage in return for money to be
           repaid; "we became mortgagors when the bank accepted our
           mortgage and loaned us the money to buy our new home"
           [syn: {mortgager}]

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  MORTGAGOR, estate's, contracts. He who makes a mortgage.
       2. He has rights, and is liable to certain duties as such. 1. He is 
  quasi tenant, at will; he is entitled to an equity of redemption after 
  forfeiture. 2. He cannot commit waste, nor make a lease injurious to the 
  mortgagee. As between the mortgagor and third persons, the mortgagor is 
  owner of the land. Dougl. 632; 4 McCord, R. 310; 3 Fairf. R. 243; but see 3 
  Pick. R. 204; 1 N. H. Rep. 171; 2 N. H. Rep. 16; 10 Conn. R. 243; 1 Vern. 3; 
  2 Vern. 621; 1 Atk. 605. He can, however, do nothing which will defeat the 
  rights of the mortgagee, as, to make a lease to bind him. Dougl. 21. Vide 
  Mortgagee; 2 Jack. & Walk. 194.