Enter the word for search

mortgagee

/ˌmɔːɡɪˈdʒiː/

/ˌmɔrɡɪˈdʒi/

mortgageenoun

mortgagees

/ˌmɔːɡɪˈdʒiː/

/ˌmɔrɡɪˈdʒi/

Translations

The mortgagee has the right to foreclose on the property if the borrower defaults.

Ипотекодержатель имеет право на взыскание имущества, если заемщик не выполняет обязательства.

Additional translations

Definitions

A person or organization that lends money to a borrower for the purpose of purchasing real estate, and holds the mortgage as security for the loan.

The mortgagee has the right to foreclose on the property if the borrower defaults on the loan.

Synonyms

financial institution

mortgage holder

mortgageeadjective

/ˌmɔːɡɪˈdʒiː/

/ˌmɔrɡɪˈdʒi/

Used attributively in legal contexts (e.g., "mortgagee sale").

Definitions

Relating to or characteristic of a mortgagee or of the rights and interests held by a mortgagee.

The property was sold at a mortgagee auction.