Definition
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- Connector.
Mortgagor can be defined as a person who mortgages his or her property as security for the mortgage, usually the borrower.
Parlee McLaws LLP. “Glossary Of Common Financial and Legal Terms”, 4th ed.
- Connector.
Another definition of a mortgagor: a person who borrows money and signs a mortgage as security. The money is often lent to buy something valuable, such as real estate, and the mortgage is a debt over that property.
Parlee McLaws LLP. “Glossary Of Common Financial and Legal Terms”, 4th ed.