Mortgagor
Pronunciation: /ˈmɔɹtˈɡæɡˈɔɹ/
Mortgagor (noun)
- A person who borrows money using property as security and must repay the loan under a mortgage agreement.
Examples
- The mortgagor pays the monthly mortgage on time.
- A mortgagor can request a payment plan with the lender.