υποθήκη — meaning in English
ypothiki
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English meaning
- mortgage noun A loan used to buy property, where the property itself is used as security for the debt.
Senses
υποθήκη is used for these senses in English:
- mortgage (legal) A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
mortgage — full definition
- noun A loan used to buy property, where the property itself is used as security for the debt.
- verb To borrow money against a property, or to risk something valuable in order to get an immediate benefit.
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