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Words in Business News
By Jon Fernquest

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[Thai Economics Library | Archives (for history)]
October 28, 2006

Mortgage

a mortgage (noun) - an agreement to hand over property to someone who lends you money if you do not pay the money back, a pledge of property to a creditor as security for the payment of a debt.


Example sentences:

* Banks offer their employees cheap mortgages.

* A fixed rate mortgage will cost you a little bit more.

* Sue and I have a big mortgage we got to pay off. We can't afford added monthly expenses.

* We'll have to take out a second mortgage to pay for this holiday.

* Their credit rating is so bad that they are having trouble getting a mortgage to buy a house.

* He didn't earn enough to support his family and pay the mortgage for the house.

* There are penalties that you have to pay the bank if you want to redeem your mortgage early.

* Their home was repossessed when they went into arrears with their mortgage.

* The young couple was struggling to keep up with their mortgage payments.

* I couldn't get a mortgage on the property.

* when they got divorced, she took over the mortgage and got the house

* You've still got the interest and the arrears of the mortgage to pay.


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