Welsh mortgage

noun

: an obsolete mortgage in which the mortgagee may keep the rents and profits of the estate in satisfaction of interest but cannot enforce payment of the principal and the mortgagor can redeem at any time by payment of the principal compare living pledge

Word History

First Known Use

1726, in the meaning defined above

Time Traveler
The first known use of Welsh mortgage was in 1726

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Dictionary Entries Near Welsh mortgage

Welshman

Welsh mortgage

Welsh Mountain

See More Nearby Entries 

Cite this Entry

“Welsh mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Welsh%20mortgage. Accessed 26 Nov. 2024.

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