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Vocabulary Entry
mortgaged
|verb • adjective
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V
verb
To put up property as security for a loan, typically for the purpose of buying real estate.
Example Sentences
"They decided to mortgage their house to secure funds for a new business."
"He had to mortgage his property to pay off his debts."
"After weighing his options, she chose to mortgage her apartment."
A
adjective
Describing something that has been secured by a mortgage; typically refers to property or loans.
Example Sentences
"The mortgaged home was a significant investment for the couple."
"In a mortgaged property, the lender has a claim to the asset."
"Many people worry about the risks involved in buying a mortgaged real estate."