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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (27786)3/4/2005 10:02:36 PM
From: GraceZRead Replies (1) of 306849
 
From mort, the French word for death and gage of Germanic origin meaning pledge.

A mortgage is a death pledge or a pledge to the death.

I'm guessing to the death of the debt, but in the feudal times if you owed a debt to the Lord, it was forgiven when he died. No "successors and or assigns" back in those days. I imagine that the death of a Lord was followed by widespread celebration since it was almost impossible to be a serf and not owe a debt to the Lord.
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