The term "mortgage" hales from the Old French words, mort, meaning "dead," and gage, meaning "pledge." It is translated to represent the doubtfulness of whether or not a debt will ultimately be paid. That is to say, if the property is not paid for in full, then it becomes "dead" to the mortgagor. (He has no claim to it) However, once the debt is paid in full, then the pledge from the mortgagor is said to be "dead," or completed.
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