Definition: A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Meaning: Tiền thế chấp
How to use "Mortgage" vocabulary in sentence (example)
A person or family can make a budget for the month based on disposable income and know exactly how much money they will have that month to spend on things like rent or mortgage, food, insurance, car payments, and entertainment.