meaning of Mortgage

[rother]

Business English Lesson, Advanced Level

ESL/EFL Test #210 "Mortgage Law", question 1

A mortgage involves the transfer of an interest in land as security for a loan or other ..........

(a) demand
(b) obligation
(c) purchase
(d) responsibility

Business English Lesson, Advanced Level

ESL/EFL Test #210 "Mortgage Law", answer 1

A mortgage involves the transfer of an interest in land as security for a loan or other obligation.

Correct answer: (b) obligation

Your answer was: correct
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Dear Sir,
It would be appreciated if you could tell the definition of Mortgage.

thanks
rother

[Mister Micawber]

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MORTGAGE
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Native English teacher at Mister Micawber's