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mortgagor

/ˈmɔːɡɪɡɔː/

/ˈmɔrɡɪɡɔr/

Translations

mortgagoradjective

/ˈmɔːɡɪdʒɔː/

/ˈmɔːrɡɪdʒɔr/

Used attributively before a noun to describe matters relating to a mortgagor.

mortgagornoun

mortgagors

/ˈmɔːɡɪɡɔː/

/ˈmɔrɡɪɡɔr/

The mortgagor is responsible for making monthly payments to the lender.

Ипотекодатель обязан ежемесячно вносить платежи кредитору.

Additional translations

Synonyms

property owner

mortgagoradjective

Relating to or characteristic of a mortgagor or the mortgagor's obligations.

The mortgagor covenants listed in the agreement impose several duties on the borrower.

mortgagornoun

A person or entity that grants a mortgage on property as security for a debt; the borrower in a mortgage transaction.

If the mortgagor defaults on the loan, the lender may initiate foreclosure proceedings.