1.NounA legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.
2.NounThe state of being pledged.
"lands given in mortgage"
3.VerbTo borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
"to mortgage a property, an estate, or a shop; We mortgaged our house in order to start a company."
4.VerbTo pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.