Words / M / Law

mortgage

noun

A1CEFR level
8/100Rarity: common
TechnicalRegister

A loan secured against property, giving the lender rights over it if the borrower fails to repay.

The buyer's mortgage offer is valid for three months, so we should aim to complete well within that window.

Similar: charge

Topic: Property in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Property