Search Result for "mortgagor": 
Wordnet 3.0

NOUN (1)

1. the person who gives a mortgage in return for money to be repaid;
- Example: "we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home"
[syn: mortgagor, mortgager]


The Collaborative International Dictionary of English v.0.48:

Mortgageor \Mort"gage*or\, Mortgagor \Mort"ga*gor\, n. (Law) One who gives a mortgage. [1913 Webster] Note: The letter e is required analogically after the second g in order to soften it; but the spelling mortgagor is in fact the prevailing form. When the word is contradistinguished from mortgagee it is accented on the last syllable (-j[^o]r"). [1913 Webster]
WordNet (r) 3.0 (2006):

mortgagor n 1: the person who gives a mortgage in return for money to be repaid; "we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home" [syn: mortgagor, mortgager]
Bouvier's Law Dictionary, Revised 6th Ed (1856):

MORTGAGOR, estate's, contracts. He who makes a mortgage. 2. He has rights, and is liable to certain duties as such. 1. He is quasi tenant, at will; he is entitled to an equity of redemption after forfeiture. 2. He cannot commit waste, nor make a lease injurious to the mortgagee. As between the mortgagor and third persons, the mortgagor is owner of the land. Dougl. 632; 4 McCord, R. 310; 3 Fairf. R. 243; but see 3 Pick. R. 204; 1 N. H. Rep. 171; 2 N. H. Rep. 16; 10 Conn. R. 243; 1 Vern. 3; 2 Vern. 621; 1 Atk. 605. He can, however, do nothing which will defeat the rights of the mortgagee, as, to make a lease to bind him. Dougl. 21. Vide Mortgagee; 2 Jack. & Walk. 194.