Mortgagee

/ˌmɔːrɡɪˈdʒiː/

बंधक-ग्राही (ऋणदाता), मॉर्गेजी

Origin & History

From mortgage + -ee (the person to whom something is done/given), ultimately from Old French mortgage (“dead pledge”).

mortgage + -ee (जिसे/जिसको कुछ दिया जाए) से बना; मूलतः पुरानी फ़्रेंच mortgage (अर्थ: “dead pledge/मृत बंधक”) से।

Definition

A mortgagee is the lender or entity that receives a mortgage as security for a loan and has legal rights in the mortgaged property until the debt is repaid.

मॉर्गेजी (mortgagee) वह व्यक्ति या संस्था (आमतौर पर ऋणदाता) है जो ऋण की सुरक्षा के लिए बंधक प्राप्त करता/करती है और ऋण चुकाए जाने तक बंधक संपत्ति पर कानूनी अधिकार रखता/रखती है।

Parts of Speech

Noun:
The mortgagee can initiate foreclosure if the borrower defaults.
यदि उधारकर्ता भुगतान में चूक करे तो मॉर्गेजी नीलामी/कब्ज़ा-कार्रवाई (foreclosure) शुरू कर सकता है।

Usage Examples

The bank acted as the mortgagee for the home loan.
Under the agreement, the mortgagee held the title documents as security.
The mortgagee’s consent was required to sell the property.
After repayment, the mortgagee released its charge over the property.

Synonyms

Lender Mortgage holder Secured creditor Chargeholder Financier

Related Forms

Adjective
Mortgaged / Mortgage-related

Idioms & Phrases

Mortgagor and mortgagee
बंधककर्ता और बंधक-ग्राही (ऋणकर्ता और ऋणदाता पक्ष)
Rights of the mortgagee
मॉर्गेजी/बंधक-ग्राही के अधिकार