MORTGAGE
Categories: Property
Definition (1910 Edition)
gation, whatever form the transaction may take, but is not now regarded as a conveyance in effect, though it may be cast in the form of a conveyance. See Muth v. Goddard, 28 Mont. 237, 72 Pac. 621, 98 Am. St. Rep. 553; Johnson v. Robinson, 68 Tex. 399, 4 S. W. 625; In re McConnell’s Estate, 74 Cal. 217, 15 Pac. 746; Killebrew v. Hines, 104 N.
a mortgage which is a first lien on the property, mot only as against other mortgages, but as against any other charges or incumbrances.
a mortgage which is a first lien on the property, mot only as against other mortgages, but as against any other charges or incumbrances.
UK Law Commentary
Status: ✅ Still applies. Security for payment of money. Since 1925, no mortgage can be made by demise — legal charge only.
Modern Application
📜 Law of Property Act 1925 • Financial Services and Markets Act 2000 • Mortgage Repossessions (Protection of Tenants etc) Act 2010 • legislation.gov.uk
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.