mortgage
nounUK /ˈmɔː.ɡɪdʒ/
US /ˈmɔːr.ɡɪdʒ/
A mortgage is money you borrow from a bank to buy a house.
They took out a mortgage to buy their first home.
OTHER MEANINGS
2. A legal agreement in which property is pledged as security for a loan.
The bank holds a mortgage on the property until the loan is paid off.
3. To pledge property to a lender as security for a debt.
They mortgaged their house to start a business.
4. A long-term commitment or burden that restricts freedom.
His new job felt like a mortgage on his free time.