MORTGAGEE

Pronunciation (US): (GB):

Meaning:

The person who accepts a mortgage

Example:

the bank became our mortgagee when it accepted our mortgage on our new home

Synonyms:

mortgage holder; mortgagee

Classified under:

Nouns denoting people

Hypernyms ("mortgagee" is a kind of...):

creditor (a person to whom money is owed by a debtor; someone to whom an obligation exists)

holder (a person who holds something)

Derivation:

mortgage (put up as security or collateral)