Meaning of mortgage lifter | Babel Free

Definitions

Synonym of mortgage burner. Also used as a cultivar name and as a name for sires and dams in livestock breeding.

Examples

“This being a stock⟳ breeders' convention, we think⟳ it proper to discuss⟳ this question⟳ from a live⟳ stock⟳ or farmers' standpoint, and believing it will apply⟳ to a large section of farming country outside of Iowa, yet it must not be supposed to suit⟳ every section of the United States any more than the "McKinley bill" did. ¶ Someone has said that "horses are the big money, cattle the sure money, and hogs the quick money." ¶ Then which of these can we properly call⟳ the "mortgage lifter." At first thought it would seem to be the horse because he is represented as the big money. But not so gentlemen. If we admit⟳ that they are the big money, we must also admit⟳ that it takes big money to buy⟳ foundation breeding stock⟳, and I think⟳ I am safe in saying that nine tenths of the farms that are well stocked with a good class of breeding mares had the mortgage lifted before these horses became a prominent feature of the live⟳ stock⟳. ¶ […] But it will be at least three years before the beef steer⟳ is ready for the market, or the dairy heifer ready for the pail; then it is evident that as "mortgage lifters" horses or cattle are too slow. ¶ Well, how about the hog? Yes, my friends, "it's the pig that pays the rent⟳," and if he is the first to pay⟳ the rent⟳ he will be first to pay⟳ the interest⟳, and if first to pay⟳ the interest⟳, then he will be the first to reduce⟳ the principal and the first to lift⟳ the mortgage.”

“Someone sometime and somewhere applied to the American hog the cognomen "mortgage lifter." Was there a good reason⟳ for giving the hog such a name⟳, and if so, why? These are certainly questions of interest⟳ to every farmer […] The question⟳ as to whether there was a good reason⟳ for giving the hog such a name⟳ is fairly answered by the fact that the name⟳ has stuck.”

CEFR level