mortgagee mortgagee

Definition(s):

  • (n) the person who accepts a mortgage

Usage(s):

  1. Investing in a child's business or being a mortgagee can be fraught.
  2. Difference between the two laws, held the Court, was that the first deprived the mortgagee of his property rights, while the second does not.
  3. Sir In the world of real estate lending and borrowing, he who borrows money is the mortgagor and he who lends money is the mortgagee.

News

Quotes

  1. "The new interest rate reality is that Australians are paying a higher proportion of their income in mortgage repayments than they have ever paid in our history and rising interest rates are now resulting in mortgagee defaults," Mr Swan said....
    on Feb 6, 2007 By: Wayne Swan Source: The Australian

  2. "Bridgecorp is a second mortgagee on this particular project, the first mortgagee is more than happy with the way the development is going and sales on the development are still going on," McDermott said.
    on Jul 12, 2007 By: Craig McDermott Source: The Australian

  3. "It would be a sad thing for the average mortgagee if they found themselves confronting an interest rate rise when they only had a $6 a week tax cut," Mr Beazley told reporters.
    on May 10, 2005 By: Kim Beazley Source: Sydney Morning Herald

Word of the Day
ambivalent ambivalent
/æm ˈbɪ və lənt /