Word of the Week
Meaning – a legal agreement by which a bank, building society etc., lends money out with interest and taking control or ownership of part of the debtor’s property until the money is repaid.
Example of using it in a sentence: “Most people need a mortgage to buy a house.”
Spelling Tip – This Latin word has a grim origin, it was a pledge (gage) to pay off the loan before your death (mort) or with your death and basically meaning the pledge ended when you died. This meant either what money that was left to pay was given to the lender or the property became theirs.
mort + g + age
Use the word as many times throughout the week as you can. This can be verbally, in your written work or listen out for other people using it.