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mortgagor |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia, Hutchinson | 0.09 sec. |
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mortgagor, mortgager Property law a person who borrows money by mortgaging his property to the lender as security How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Mortgagor The borrower in a mortgage loan transaction. A travel insurer expects to be hit with more than $1 million in claims from passengers whose trips were canceled or interrupted by a cruise line that recently had its ships seized by mortgagors. The mortgagor however, claimed that the mortgage loan was usurious and was therefore void. |
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