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The Collaborative International Dictionary of English v.0.48:

Mortgage \Mort"gage\, v. t. [imp. & p. p. Mortgaged; p. pr. & vb. n. Mortgaging.] 1. (Law) To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption. [1913 Webster] 2. Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation. [1913 Webster] Mortgaging their lives to covetise. --Spenser. [1913 Webster] I myself an mortgaged to thy will. --Shak. [1913 Webster]