Definition

A person or entity that borrows money from a lender to buy property, using the property itself as security for the loan.

Example

The mortgagor signed the loan agreement to purchase their new home.

Conversation

I just found out that being a mortgagor comes with a lot of responsibilities.

Really? I didn't know that — what kind of responsibilities?

Well, you have to keep up with the payments and maintain the property too.

That sounds intense! I guess it's a big commitment.

Synonyms & Antonyms

Root Explanation

**Mortgagor** → It is formed from "mortgage" (from Old French *mort gaige*, meaning dead pledge) and "-or" (meaning one who). The word "mortgagor" refers to one who pledges property as security for a loan, effectively making the pledge 'dead' until the debt is paid off.

Memory Tip

Think of someone who is making a 'dead pledge' ('mortgage') and the '-or' indicates that this person is the one making the pledge.

Visually Confused Words