take out a mortgage
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take out — 1) PHRASAL VERB If you take something out, you remove it permanently from its place. [V n P] I got an abscess so he took the tooth out... [V P n (not pron)] When you edit the tape you can take out the giggles. 2) PHRASAL VERB If you take out… … English dictionary
Take-Out Commitment — A specific type of mortgage purchase agreement. Under a take out commitment, a long term investor agrees to buy a mortgage from a mortgage banker at a specific date in the future. Take out commitments are enforced once a project reaches a… … Investment dictionary
take out — verb 1. cause to leave (Freq. 7) The teacher took the children out of the classroom • Syn: ↑move out, ↑remove • Hyponyms: ↑clear, ↑call in, ↑estrange … Useful english dictionary
Take-Out Lender — A type of financial institution that provides a long term mortgage on property. This mortgage will replace interim financing, such as a construction loan. Take out lenders are normally large financial conglomerates, such as insurance or… … Investment dictionary
take out — verb Date: 13th century transitive verb 1. a. (1) deduct, separate (2) exclude, omit (3) withdraw, withhold b. to find release for ; vent … New Collegiate Dictionary
take out — phr verb Take out is used with these nouns as the object: ↑account, ↑ad, ↑advert, ↑advertisement, ↑appendix, ↑boat, ↑book, ↑cellphone, ↑clause, ↑contact lens, ↑contract, ↑ … Collocations dictionary
mortgage — the transfer of right of ownership of a property from a debtor to a creditor as security for a debt, with the proviso that once the debt is paid ownership is transferred back. Glossary of Business Terms (1) noun A legal instrument that creates a… … Financial and business terms
Mortgage — A loan secured by the collateral of some specified real estate property which obliges the borrower to make a predetermined series of payments. The New York Times Financial Glossary * * * ▪ I. mortgage mort‧gage 1 [ˈmɔːgɪdʒ ǁ ˈmɔːr ] noun… … Financial and business terms
mortgage — n. 1) to give a mortgage 2) to hold; receive; take out a mortgage on 3) to pay off a mortgage 4) to finance; foreclose; refinance a mortgage 5) a chattel; conventional; first; second mortgage * * * [ mɔːgɪdʒ] conventional first foreclose … Combinatory dictionary
mortgage — 1 noun (C) 1 a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years: Your building society or bank will help arrange a mortgage. | take out a… … Longman dictionary of contemporary English
