mortgage

/ˈmɔː.ɡɪdʒ/noun

A loan for buying a house or land, where the property itself serves as security until the debt is repaid.

Example sentence

“They took out a thirty-year mortgage to buy their first home.”

The t is silent. From Old French for 'dead pledge', because the arrangement dies once the debt is settled.

Related words

neighborA person who lives next door to you or nearby (the US spelling of neighbour).rentMoney paid regularly to a landlord for the use of a home, office, or other property.staircaseA set of stairs inside a building, together with its railing and supports.tidyNeat and well organized, with everything in its place.basementThe level of a building that sits below the ground.vacuumA space that is completely empty of matter.