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mortgage (**모**기지)A legal agreement by which a bank lends money at interest in exchange for taking title of the debtor's property

Part of speech: NOUN

Definition: A legal agreement by which a bank lends money at interest in exchange for taking title of the debtor's property

Pronunciation (IPA): /ˈmɔːrɡɪdʒ/

Korean meaning: 부동산을 담보로 하여 은행에서 돈을 빌리는 법적 계약, 주택담보대출

Korean pronunciation: **모**기지

Example Sentences

  • After 25 years of payments, Sarah finally burned her mortgage documents in celebration.
  • Tom's mortgage is like a vampire - it sucks money from his bank account every month for 30 years.
  • The young couple decided to mortgage their future happiness for a dream house they couldn't really afford.

mortgage

NOUN

//ˈmɔːrɡɪdʒ//

A legal agreement by which a bank lends money at interest in exchange for taking title of the debtor's property

mortgage concept
💡 Concept

They signed the mortgage papers and finally got the keys to their first home.

🎤Pronunciation

🇺🇸 US/ˈmɔːrɡɪdʒ/
🇬🇧 UK/ˈmɔːɡɪdʒ/

🌳Etymology

Rootmort
Suffix-gage

Origin

프랑스어에서 온 단어로, '죽음'과 '약속'이 합쳐진 말입니다. 중세 시대에 대출금을 갚지 못하면 담보물이 '죽은 것'처럼 영원히 잃게 된다는 의미에서 유래했습니다.

🎵Rhyme

storageforagecottage
storage
forage
cottage

🔗Collocations

take out a mortgage
mortgage payment
pay off the mortgage
mortgage rate
reverse mortgage
mortgage broker
second mortgage

📝Examples

After 25 years of payments, Sarah finally burned her mortgage documents in celebration.

😄 Fun example

Tom's mortgage is like a vampire - it sucks money from his bank account every month for 30 years.

The young couple decided to mortgage their future happiness for a dream house they couldn't really afford.

😄 Fun example

Getting a mortgage these days requires so much paperwork, you'd think you were buying the bank itself.

📚Related Words

Synonyms

home loanhousing loanproperty loansecured loan

Antonyms

cash purchaseoutright ownership

Related

loandebtcollateralinterestprincipalequityforeclosurerefinance

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