Definition

A person who borrows money from a lender using their property as security for the loan.

Example

The mortgager signed the agreement to secure the loan for their new home.

Conversation

I just found out my friend is a mortgager for their new house.

Really? That sounds exciting!

Yeah, they said it’s a big responsibility being a mortgager.

Definitely, but it’s also a great step towards owning property.

Synonyms & Antonyms

Root Explanation

Mortgager → It is formed from "mort" (from Old French *mort*, meaning dead) and "gage" (from Old French *gage*, meaning pledge or promise). The word "mortgager" refers to a person who pledges property as security for a loan, where the property is considered 'dead' until the debt is paid off.

Memory Tip

Think of 'mort' meaning 'dead' and 'gage' meaning 'pledge' — this helps you remember that a mortgager is someone who makes a pledge on property that is 'dead' until the loan is repaid.

Visually Confused Words