mortgage

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mortgage,

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 ?
This gentleman was noted in the district for his persistent ill-fortune; his name was Barashkoff, and, as regards family and descent, he was vastly superior to Totski, but his estate was mortgaged to the last acre.
With few exceptions, I found that the crops were mortgaged in the counties where I went, and that the most of the coloured farmers were in debt.
When his daughters were born he had assigned to each of them, for her dowry, an estate with three hundred serfs; but one of these estates had already been sold, and the other was mortgaged and the interest so much in arrears that it would have to be sold, so that it was impossible to give it to Vera.
He never wrote cheerfully, and he mortgaged the greater part of his income.
Every acre of Queen's Norton is mortgaged, and I'm shot if I can see how we're going to pay the interest.