mortgaged

3 definitions found

mortgaged - Collaborative International Dictionary of English v.0.48 :

  Mortgage \Mort"gage\, v. t. [imp. & p. p. Mortgaged; p. pr. &
     vb. n. Mortgaging.]
     1. (Law) To grant or convey, as property, for the security of
        a debt, or other engagement, upon a condition that if the
        debt or engagement shall be discharged according to the
        contract, the conveyance shall be void, otherwise to
        become absolute, subject, however, to the right of
        redemption.
        [1913 Webster]
  
     2. Hence: To pledge, either literally or figuratively; to
        make subject to a claim or obligation.
        [1913 Webster]
  
              Mortgaging their lives to covetise.   --Spenser.
        [1913 Webster]
  
              I myself an mortgaged to thy will.    --Shak.
        [1913 Webster]

  mortgaged \mortgaged\ adj.
     burdened with legal or financial obligations; as, His house
     was mortgaged to the hilt.
     [WordNet 1.5]

mortgaged - WordNet (r) 2.1 (2005) :

  mortgaged
      adj 1: burdened with legal or financial obligations; "his house,
             his business, indeed, his whole life was heavily
             mortgaged"