Mortgagee Meaning in English
word
释义
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.
用法与细微差别
"Mortgagee" is a formal, legal word used in real estate and finance. It is the opposite of "mortgagor" (the borrower). Most often, the mortgagee is a bank or financial institution. Not commonly used in everyday speech unless discussing legal or loan documents.
例句
The mortgagee is usually a bank or lender.
basic
If you do not pay your loan, the mortgagee can take your house.
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A contract lists the mortgagee and the amount borrowed.
basic
Sometimes the mortgagee will work with you to avoid foreclosure.
natural
Your payments go directly to the mortgagee each month.
natural
The mortgagee's name is on the title until the loan is paid off.
natural