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mortgagor
(redirected from mortgager)

   Also found in: Dictionary/thesaurus, Legal, Financial 0.01 sec.
mortgagor, mortgager
Property law a person who borrows money by mortgaging his property to the lender as security

mortgagor
The borrower who obtains a mortgage.


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And this mortgage will only be due for payment after the earlier one has already been paid or if the property rights are no longer in the hands of the homeowner mortgager.
A key law is the Interim Registration Law for off-plan properties, which requires both buyers and developers to register their interests as mortgagee and mortgager.
Partnership owns the property at that address, which is currently under sale being challenged by mortgager.
 
 
 
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