Property

Mortgage

A mortgage is a financial arrangement where a borrower pledges their freehold or leasehold property as collateral for a loan. This allows the lender, also known as the mortgagee, to have rights to recover the property in case the borrower, or mortgagor, fails to repay the loan. Essentially, a mortgage serves as a land charge and can take on either a legal or equitable form.

Related terms

Asset valuation

Understand the meaning and definition of Asset valuation in the context of stock market, trading, and investments.

MORE
Tenant's improvements

Understand the meaning and definition of Tenant's improvements in the context of stock market, trading, and investments.

MORE
Rateable value

Understand the meaning and definition of Rateable value in the context of stock market, trading, and investments.

MORE
Joint sole agent

Understand the meaning and definition of Joint sole agent in the context of stock market, trading, and investments.

MORE
Security deposit

Understand the meaning and definition of Security deposit in the context of stock market, trading, and investments.

MORE
Bayana

Understand the meaning and definition of Bayana in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers