What is the definition of Mortgage Where Does The Word Come From? 🙋 🔍
The word "mortgage" is like a financial rollercoaster that started on a farm with a horse (the house) and a farmer (the lender) trying to secure their future. It's derived from the Old French "mort-gage," which combines "mort" meaning death and "gage," a loan or pledge. So, in simpler terms, it's like a promise that if the house falls apart (your mortgage defaults), someone gets to claim your home as collateral.
Here's an edgy example sentence: "After years of neglect, the mortgage on our rusty old garage fell into the wrong hands, and now we're questioning if we've let 'em keep the paint on for too long." 🏠💔🔥
https://goldloadingpage.com/word-dictionary/mortgage where does the word come from