mortgaged


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  • adj

Words related to mortgaged

burdened with legal or financial obligations

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References in classic literature ?
He had a partner, he said, who was strong and determined, and they had presents, to get which he had mortgaged the last penny of his income.
When his daughters were born he had assigned to each of them, for her dowry, an estate with three hundred serfs; but one of these estates had already been sold, and the other was mortgaged and the interest so much in arrears that it would have to be sold, so that it was impossible to give it to Vera.
"You are aware, are you not, that the General is mortgaged to the Marquis, with all his property?
"Then it is really the case that everything is mortgaged? I have heard rumours to that effect, but was unaware how far they might be true."
Without recourse: In real estate finance, the term refers to the lender looking solely to the mortgaged real estate as a source of repayment in the event of default.