Definition of mortgagee in English:

mortgagee

Line breaks: mort|ga¦gee
Pronunciation: /ˌmɔːgɪˈdʒiː
 
/

noun

The lender in a mortgage, typically a bank, building society, or savings and loan association.
More example sentences
  • Usually, therefore, the second mortgagee persuades the first mortgagee to obtain repayment on the same occasion.
  • That is reading a lot into it, applying to the mortgagee for the mortgagee's consideration.
  • On the one hand there is the question of ensuring security against third parties, such as purchasers, creditors, mortgagees, and landlords who may seek to take possession of the property.

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