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
US /ˈmɔːr.ɡə.dʒɔːr/
UK /ˈmɔːɡɪdʒər/
Noun
a person who borrows money from a bank or other financial institution by offering their property as security
Example:
•
The mortgagor is responsible for making regular payments on the loan.
•
As a mortgagor, you have certain rights and obligations.