MORTGAGES A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
The word MORTGAGES can be used in various contexts in written and spoken English. As a valid Scrabble word, it represents a legitimate part of the English lexicon, even if it may not be commonly used in everyday conversation.
Understanding words like MORTGAGES helps expand your vocabulary and appreciation for the diversity of the English language. Many words in the Scrabble dictionary come from specialized fields, historical periods, or other languages, showing how English continues to evolve and incorporate new terms.
Word: MORTGAGES
Length: 9 letters
Dictionary: Valid in TWL and SOWPODS
Status: Official Scrabble word
The word MORTGAGES can be used in various contexts. As a valid Scrabble word, it can be played on the Scrabble board according to standard game rules.