- A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.
- A contract or deed specifying the terms of a mortgage.
- The claim of a mortgagee upon mortgaged property.
tr.v., -gaged, -gag·ing, -gag·es.
- To pledge or convey (property) by means of a mortgage.
- To make subject to a claim or risk; pledge against a doubtful outcome: mortgaged their political careers by taking an unpopular stand.
[Middle English morgage, from Old French : mort, dead (from Vulgar Latin *mortus, from Latin mortuus, past participle of morī, to die) + gage, pledge (of Germanic origin).]