mortgagor
C1CEFR level
75/100Rarity: rare
TechnicalRegister
Law noun
The borrower who charges an interest in land as security for a loan.
On default the mortgagor lost the equity of redemption when the lender exercised its power of sale.
Business noun
The borrower who grants a mortgage over their property to a lender.
As mortgagor, she remained liable for the shortfall even after the house was repossessed.
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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