mtge.

Noun

mortgage (countable and uncountable, plural mortgages)

1. A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.
   • The appriser, therefore, (as the holder of a mortgage was then called,) entered upon possession, and in the language of Hotspur, "came me cranking in," and cut the family out of another monstrous cantle of their remaining property.1815, Walter Scott, Guy Mannering, Or, The Astrologer, Volume 1, page 19
2. (obsolete) The state of being pledged.
   • lands given in mortgage

See all 4 meanings of mortgage