A deposit or conditional transfer to secure the performance of some act: The person who makes the transfer is called the “mortgagor,” the other party, the “mortgagee,” sometimes an intermediary called a “trustee” is appointed.
The Rantings of the barely human.
A deposit or conditional transfer to secure the performance of some act: The person who makes the transfer is called the “mortgagor,” the other party, the “mortgagee,” sometimes an intermediary called a “trustee” is appointed.