The word ‘mortgage’ means ‘death pledge.’

BNB UNIJun 29, 20240m 32s693 viewsScore 65
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Summary

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In French, the word 'mortgage' translates to 'death pledge', combining 'mort' (death) and 'gage' (pledge). The 'death' aspect signifies that the obligation ends when the property is either fully repaid or foreclosed, while the 'pledge' part represents the property serving as security for the loan. The word 'mortgage' comes from old French around 700 years ago.

Key insights

  • The 'pledge' aspect of 'mortgage' refers to the property used as security for the loan.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial