mortgage
FinanceLv.2 (700)noun
Definition
a long-term loan taken to buy property, with the property as security
Examples
The company took out a mortgage from the bank to buy a new office building.
As interest rates rose, the mortgage repayments grew much heavier.
Collocations
take out a mortgagea commercial mortgagepay off the mortgage
Paraphrase
property loanhome loan