mortgagor - Meaning and Examples

Meaning of 'mortgagor' (Webster Dictionary)

1 . Mortgagor

[ n.]

- One who gives a mortgage.

1 . mortgagor

[ n]

Meaning (1):
- the person who gives a mortgage in return for money to be repaid

Example in sentence:

we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home

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