Meanings
A legal agreement in which a bank or other lender lends money at interest in exchange for taking the title of the debtor's property, with the condition that the conveyance of the title becomes void upon the payment of the debt.
ایک قانونی معاہدہ جس میں ایک بینک یا دوسری قرض دینے والی ادارہ سود پر رقم قرض دیتا ہے بدلے میں یہ شرط رکھتا ہے کہ قرض دہندہ کی جائیداد کا عنوان اس کے حوالے کر دیا جائے گا، بشرطیکہ یہ قرض ادا کر دیا جائے۔
رہن
rahn
Synonyms
Common Collocations
- fixed-rate mortgage
- adjustable-rate mortgage
- mortgage lender
Example Sentences
They took out a mortgage to buy their first house.
انہوں نے اپنا پہلا گھر خریدنے کے لیے رہن لیا.
unhoon ne apna pehla ghar kharidne ke liye rahn liya.
The bank approved their mortgage application quickly.
بینک نے ان کی رہن کی درخواست کو جلد منظور کر لیا.
bank ne un ki rahn ki darkhwast ko jald manzoor kar liya.
Paying off a mortgage can take many years.
رہن کا قرض ادا کرنے میں کئی سال لگ سکتے ہیں.
rahn ka qarz ada karne mein kai saal lag sakte hain.
Easily Confused With
Word Family
See Also
💡 Memory Tip
Think of a 'mortgage' as a 'mort(ality) guarantee' that you've promised to pay back.
Imagine a house with a big lock on it symbolizing a loan that secures the property.
📖 Etymology
Origin: Old French "mort gage" — dead pledge
First known use: 14th century
The term 'mortgage' originates from Old French 'mort gage', which means 'dead pledge' reflecting that the pledge becomes void (or 'dead') once the obligation is fulfilled.