mortgagor

or mort·gag·er

[ mawr-guh-jer ]

noun

1. a person who mortgages property.

mortgagor

/ ˌmɔːɡɪˈdʒɔː; ˈmɔːɡɪdʒə /

noun

1. property law a person who borrows money by mortgaging his property to the lender as security

Word History and Origins

Origin of mortgagor¹

First recorded in 1575–85; mortgage + -or ²

Example Sentences

Until the mortgagor fails to execute his part of the agreement, he retains possession of the property.

From Project Gutenberg

On the other hand a somewhat different rule applies between mortgagor and mortgagee.

From Project Gutenberg

If there is a surplus after satisfying the mortgage debt it must be paid to the mortgagor, or, if he is dead, to his heir.

From Project Gutenberg

If they are destroyed by fire, the mortgagor cannot claim to have the insurance applied in liquidation of the mortgage debt.

From Project Gutenberg

If the sums collected from the two sources exceed the amount advanced to the mortgagor that is only the mortgagee's affair.

From Project Gutenberg

Related Words

• borrower
• defaulter