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A loan taken out to purchase a home 

Please find below the A loan taken out to purchase a home answers. This question is part of Level 212. If you are stuck and are looking for help then this is the right place for you. Word Craze is an exciting crossword puzzle game where the game graphics and the unique crossword puzzle clues make it a great game to play for all ages. This level was last updated on November 29 2021

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A loan taken out to purchase a home

Answer

MORTGAGE


Definition

A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
State of being pledged; as, lands given in mortgage.
To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.