English Etymology Story: What does Mortgage have to do with “death”? – Financial & Insurance News

English Etymology Story: What does Mortgage have to do with “death”?

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With the rise of commercial housing, we are no stranger to mortgage loans. The Chinese word “mortgage” is the Cantonese translation of the English word “Mortgage”, which refers to a type of loan for the purchase of a home, with the purchased home as collateral to the bank loan, and then repay the principal and interest in installments.
But do you know the relationship between mortgage and “death”?
Mortgage actually comes from two old French roots, Mort + Gage. Mort means death and Gage means pledge, so Mortgage literally means “death mortgage”. Also, since it comes from the French root word, the middle t is not pronounced.
Even from the literal meaning of “death mortgage”, the word Mortgage can be used to make sense of the term Mortgage, and there is another use of Die involved. We all know that Die means death, to stop living, and can refer to both humans, animals, and plants.
A mortgage loan is an agreement signed between a home buyer and a bank in which he or she takes out a loan from the bank against the house he or she is buying and then repays it in installments. The agreement is usually terminated in two ways, or “disappeared”: one is when the buyer pays off the principal and interest and the home is owned by the buyer; the other is when the buyer is unable to repay the installments on time and the home is owned by the bank.
Mortal is an adjective with two common meanings, one is that cannot live for ever and must die; the other is deadly, causing death For example, Mortal wound/ blow/ danger. And Mortal enemy. A mortal enemy is an enemy who is at odds with you, or even wants to kill you. The opposite of Mortal is Immortal, eternal, immortal. Religious people usually believe that our body is Mortal and our soul is Immortal.