mortgagee

noun

Meaning

The lender, typically a bank or financial institution, who provides a loan secured by a property.

Examples

The mortgagee reserves the right to foreclose if the borrower fails to make monthly payments.
As the mortgagee, the bank must approve any major structural changes to the house.

Synonyms: lender, creditor, bank

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mortgagee

noun

Pronunciation: ˌmɔːrɡəˈdʒiː

Definition

The lender, typically a bank or financial institution, who provides a loan secured by a property.

Examples

The mortgagee reserves the right to foreclose if the borrower fails to make monthly payments.
As the mortgagee, the bank must approve any major structural changes to the house.
The contract clearly states the obligations of both the mortgagor and the mortgagee.

Synonyms of mortgagee

Words with a similar meaning to mortgagee:

Antonyms of mortgagee

Words with the opposite meaning to mortgagee:

mortgagor

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