How to Pronounce "mortgagee"
word
ˌmɔːrɡɪˈdʒiː
mor-gi-JEE
mˈɔːɡɪdʒˌiː
MOR-gi-jee
Definition
A mortgagee is the person or organization (usually a bank) that lends money to someone to buy property and holds the legal right to take back the property if the loan is not repaid.
IPA Transcription
American English
ˌmɔːrɡɪˈdʒiː
British English
mˈɔːɡɪdʒˌiː
Simplified Pronunciation
US
mor-gi-JEE
UK
MOR-gi-jee
Listen in Context
The mortgagee is usually a bank or lender.
If you do not pay your loan, the mortgagee can take your house.
A contract lists the mortgagee and the amount borrowed.
Sometimes the mortgagee will work with you to avoid foreclosure.