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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 periodicals archive ?
1 new foreclosure filings per 1,000 mortgageable properties regionally in 2010.
The documents were signed between each operator and the General Director of the National Board of Farmland in Algiers (ONTA), during a symbolic ceremony marking the start of the conversion of the perpetual contract of use of the individual or collective farms into right to concession for 40-year renewable and mortgageable term.
Often they aren't deemed mortgageable unless 'repaired'.