Mortgage Bonds Or Mortgage Loans Include A Pledge And An Acknowledgement Of Debt

This everyday word “mortgage” has strange origins. “Mort-gage “comes from the 14th Century French word, which describes: “a Death Pledge or Dead Pledge”. “Mort” means Dead and “Gage” means Pledge. Despite the spooky meaning; it does not mean that the borrower is about to die when he signs a mortgage bond document! DEATH OF THE …

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