Full form: Mortgage
Meaning: “a legal agreement by which a bank, building society, etc. ”
Common Abbreviations: mtg. and mtge
Mortgage – Meaning & Definition
This particular word is used as a noun or a verb within a sentence. As a verb, mortgage means to subject to a claim or obligation. As a noun, mortgage is used to refer a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years.
For example,
1. The legal adviser advised the owner to martgage his whole company to start up a new business.
2. With mortgage rates falling as banks compete aggressively for business, homebuyers are being encouraged to buy apartments. (Alex Wong)
Suitable Ways to Use Mtg. or Mtge. for Mortgage
An abbreviation for mortgage is widely used by mortgage industries and banks. In these particular areas, people use an abbreviation for mortgage while communications or they often use it on particular reports.
Also, abbreviations like these can be used in the areas where space is limited, such as in headlines or newspaper headings.
However, you cannot use such abbreviations in academic writings.
If you want to pluralize these abbreviated terms, just add an –s at the end of these terms. So, the plural terms are mtgs. and mtges..
What Did You Learn?
mtg. and mtge. are the two commonly used abbreviations for mortgage. The plural terms are mtgs. and mtges..