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- pronunciation:
- mor
gihj
- features:
- Word Parts
| part of speech: |
noun |
| definition: |
a written agreement by which a bank or other institution agrees to lend money so that one can buy a property. The bank holds a claim to this property until the money is paid back.
My parents were approved for a mortgage, so now we can buy that house we liked.- similar words:
- bond, contract, warrant
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