Mortgage deed

Mortgage deed
Mortgage Mort"gage (m[^o]r"g[asl]j; 48), n. [F. mort-gage; mort dead (L. mortuus) + gage pledge. See {Mortal}, and {Gage}.] 1. (Law) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made. [1913 Webster]

Note: It was called a mortgage (or dead pledge) because, whatever profit it might yield, it did not thereby redeem itself, but became lost or dead to the mortgager upon breach of the condition. But in equity a right of redemption is an inseparable incident of a mortgage until the mortgager is debarred by his own laches, or by judicial decree. --Cowell. --Kent. [1913 Webster]

2. State of being pledged; as, lands given in mortgage. [1913 Webster]

{Chattel mortgage}. See under {Chattel}.

{To foreclose a mortgage}. See under {Foreclose}.

{Mortgage deed} (Law), a deed given by way of mortgage. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • mortgage deed — noun deed embodying a mortgage • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑deed, ↑deed of conveyance, ↑title * * * noun : a deed embodying a mortgage …   Useful english dictionary

  • mortgage deed — A deed given by way of security; a mortgage …   Ballentine's law dictionary

  • mortgage deed — written obligation to repay a debt guaranteed by the mortgaging of an asset …   English contemporary dictionary

  • deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver …   Law dictionary

  • deed — [diːd] noun [countable] LAW a formal written document that is a record of an agreement, especially one relating to property: • The parties to a deed should sign it in the presence of a witness. ˈtitle deed LAW PROPERTY a legal document proving …   Financial and business terms

  • Mortgage — Mort gage (m[^o]r g[asl]j; 48), n. [F. mort gage; mort dead (L. mortuus) + gage pledge. See {Mortal}, and {Gage}.] 1. (Law) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to… …   The Collaborative International Dictionary of English

  • deed — [di:d] n [: Old English; Origin: dAd] 1.) formal something someone does, especially something that is very good or very bad ▪ After the morning s good deeds he deserved a rest. ▪ She tried to strangle her baby and her lover helped her finish the… …   Dictionary of contemporary English

  • Mortgage law — This article is about the legal mechanisms used to secure the performance of obligations, including the payment of debts, with property. For loans secured by mortgages, such as residential housing loans, and lending practices or requirements, see …   Wikipedia

  • Mortgage — A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the… …   Wikipedia

  • deed — A conveyance of realty; a writing signed by grantor, whereby title to realty is transferred from one to another. National Fire Ins. Co. v. Patterson, 170 Okl. 593, 41 P.2d 645, 647. A written instrument, signed, and delivered, by which one person …   Black's law dictionary

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