mortgage-n; 2 Senses

Sense Number 1: a contractual state of indebtedness on a property

Commentary: MORTGAGE[+state][+indebtedness][+property]

Their investment firm specializes in buying second mortgages and other real estate contracts.
The mortgage-backed securities market tanked in the early nineties when interest rates rose.
Sally has no mortgage on her house, she bought it with cash.
The mortgage on our children's future may be very high. (metaphoric)

WordNet 0.0 Sense Numbers: 1

Sense Number 2: a legal document conveying a debt contract on property

Commentary: MORTGAGE[+document][+legal][+contractual][+debt]

Read over this mortgage and then initial and sign where indicated.
The signature on the mortgage was illegible because of the smeared ink.
Mary keeps her mortgage papers and passport in a safe deposit box.

WordNet 0.0 Sense Numbers: 2