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Welsh mortgage. In DICTIOUS you will not only get to know all the dictionary meanings for the word
Welsh mortgage, but we will also tell you about its etymology, its characteristics and you will know how to say
Welsh mortgage in singular and plural. Everything you need to know about the word
Welsh mortgage you have here. The definition of the word
Welsh mortgage will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
Welsh mortgage, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
Welsh mortgage (plural Welsh mortgages)
- A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.
1857, William Richard Fisher, The Law of Mortgage:The possession of the mortgagee is of the very essence of the Welsh mortgage, and every receipt of rent is a receipt, by virtue of the contract […]
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