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
_________________________

Dear Sir,
It would be appreciated if you could tell the definition of Mortgage.

thanks
rother

[Mister Micawber]

.
MORTGAGE
.
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Canadian-American native speaker
who teaches English for a living at Mister Micawber's
ESL cafe: Interview with Mister Micawber