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n a right given to the creditor over the property of the debtor for the security of the debt; invests the creditor with the power to have the property seized and sold in default of payment.
References in classic literature ?
In Rabourdin's system the State exacted no money security; he allowed only mortgage securities; and for this reason: Either the State holds the security in specie, and that embarrasses business and the movement of money; or it invests it at a higher rate than the State itself pays, and that is a contemptible robbery; or else it loses on the transaction, and that is folly; moreover, if it is obliged at any time to dispose of a mass of these securities it gives rises in certain cases to terrible bankruptcy.
You see, dearie, Abner Moore held the mortgage on the West farm, and the interest was overdue some years, and Dick just went and told Mrs.
I expect a letter from the solicitor respecting that mortgage of Ruddle's.
In this unequal conquest I was vanquished at the end of four years; and, like many another harebrained youngster, I was obliged to sell part of my property and to mortgage the remainder to satisfy my creditors.
In a word, then, he had spent and lost all the ready money of my fortune; and, as he could mortgage his own estate no deeper, he was now desirous to supply himself with cash for his extravagance, by selling a little estate of mine, which he could not do without my assistance; and to obtain this favour was the whole and sole motive of all the fondness which he now put on.
So I got a shrewd, close-mouthed, tight-fisted money-lender to get the mortgage transferred to him.
Sir Pitt had an unmarried half-sister who inherited her mother's large fortune, and though the Baronet proposed to borrow this money of her on mortgage, Miss Crawley declined the offer, and preferred the security of the funds.
I paid two thousand cash, and gave a mortgage for two thousand.
I was born in Carbondale, Illinois, but that doesn't matter--I'm an English countess, doing barefoot dancing to work off the mortgage on the ancestral castle, and they eat me.
mortgage, since nowadays people were none so ready to lend money without security, Mr.
What with mortgages and arrears, I'm as short o' cash as a roadside pauper.
The old maid gave a glance of appeal to the chevalier; but the gallant recorder of mortgages, who was beginning to see in the manners of that gentleman the barrier which the provincial nobles were setting up about this time between themselves and the bourgeoisie, made the most of his chance to cut out Monsieur de Valois.