Law to pledge (property) by a mortgage mort gage, lit, dead pledge mort, dead definition of mortgage from the collins english dictionary. Mortgage is a word that has been in the english language since the late 1300s and comes from the french mort, which means dead, and gage, meaning pledge therefore, a mortgage, in the true sense of the meaning of the word, means that the security pledged to the mortgagee for the debt will be taken from him if he fails to pay the debt. Kevin simback and josie lee seeded the list of us companies using technology in the broad digital mortgage market - mortgagetech i keep the conversat the digital mortgage market i: mort (dead) & gage (pledge.
The term mortgage comes from mort and means death (as in mortuary or mortality), and gage means pledge mort-gage means a dead pledge in bouvier's law dictionary of 1856, dead-pledge is. 'the piece of paper that documents this pledge is usually called a mortgage or a deed of trust' literally 'dead pledge', from mort (from latin mortuus. Mortgage n a document in which the owner pledges his/her/its title to real property to a lender as security for a loan described in a promissory note mortgage is an old english term derived from two french words mort and gage meaning dead pledge.
The history of the word mortgage was known by the term mort gage, which in old french means dead pledge because of christian prohibitions on. A: mortgage is now such a common term that most of us are unaware that it was once a compound with a literal meaning: dead pledge the words mort and gage are rare or defunct english terms for dead and pledge. From anglo-norman morgage, middle french mortgage, from old french mort gage ( death pledge ), after a translation of judicial medieval latin mortuum vadium or mortuum wadium, from mortuum + vadium or wadium, of germanic origin, from a root waddi, wadja. From anglo-norman mortgage, middle french mortgage, from old french mort gage (dead pledge), the primacy of a mortgage is an ancient aspect of our law. In his tractatus de legibus et consuetudinibus regni angliae (1189), ranulf de glanville explains that this latter type of pledge, in which the fruits of the property were taken by the creditor without reduction in the debt, was known by the term mort gage, which in old french means dead pledge because of christian prohibitions on profiting.
(mort), contract or pledge (gage) mortgages, like other loans, have a fixed term to maturity, a date by which the loan must be fully repaid. Are they both related to death up vote 0 down vote favorite i read something that said the word deed was related to the word dead , deed being the document signifying ownership of a house and dead being no longer alive. Til the word mortgage comes from french - it means pledge to the death indeed, gage de mort would be to pledge to death hmmmm permalink in law school.
Dead pledge is the english translation of the 13th century french term mortgage: mort [dead] + gage [pledge] so called because the debt ends dies when the loan obligaton is fullfilled so called because the debt ends dies when the loan obligaton is fullfilled. The word is a law french term meaning dead pledge, originally only referring to the welsh mortgage the dead gage (norman mort gage, scots deid wad),. Hopefully, barry ritholtz won't mind us reposting this in its entirety: what is a dead pledge well, that is the literal translation of the word mortgage: 1390, from ofr morgage (13c), mort. Word nerds will notice an eerie root word in 'mortgage' — 'mort,' or 'death,' weller writes the term comes from old french, and latin before that, to literally mean 'death pledge'.
To truly understand the meaning of a word, one needs to explore its origin mortgage drives from the french words mort, meaning dead and german word gage meaning pledge as it appears. January 23, 2013 by admin mortgage = death pledge: latin words mort-gage literally translated mort means (death) gage means (pledge) debt slavery=human mort. Old french morgage, mort gage, literally , dead pledge from mort, dead (see mort) law to pledge (property) by a mortgage to put an advance claim or liability on:.