mortgage deed
A "mortgage deed" is a crucial document in real estate transactions, establishing the terms of a property-secured loan between a borrower and a lender.
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Definition
C1Real Estate
(technical, formal)A legal document outlining the terms of a property-secured loan, including repayment conditions and lender's rights.
Example
- The mortgage deed specifies that the house will be repossessed if the loan is not repaid on time.
- Before signing the mortgage deed, the borrower reviewed all the terms and conditions carefully.
Similar
Terms that have similar or relatively close meanings to "mortgage deed":