Meaning of the word mortgagor in English
What does mortgagor mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
mortgagor
UK /ˈmɔːɡɪdʒər/
Noun
a person or organization that borrows money from a bank in order to buy a house or other property:
Example:
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The loan is secured on the mortgagor's property.