mortgageable Definition

mortgage
noun

1a. A legal agreement by which a building society or bank, etc (the mortagee) grants a client (the mortgagor or mortgager) a loan for the purpose of buying property, ownership of the property being held by the mortagee until the loan is repaid;
1b. The deed that brings such a contract into effect.
2a. The money borrowed for this;
2b. The regular amounts of money repaid.
3. Any loan for which property is used as security.

verb mortgaged, mortgaging

1. To give ownership of (property) as security for a loan.
2. colloq
To pledge something.

Derivative: mortgageable
adj

Etymology: 14c: French, from mort dead + gage pledge, apparently because the property that is pledged is ‘dead' to the borrower if the loan is not repaid, or because the pledge to the lender becomes void or ‘dead' when the loan is repaid.