HomeServicesBlogDictionariesContactSpanish Course
Home › Dictionary › English › Welsh mortgage
← Back to search

Meaning of Welsh mortgage | Babel Free

Noun CEFR B2

Definitions

A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

Examples

“The possession of the mortgagee is of the very essence of the Welsh mortgage, and every receipt of rent is a receipt, by virtue of the contract[…]”

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

Welsh mountain pony Welsh nephew Welsh not Welsh note Welsh onion Welsh parsley

Learn this word in context

See Welsh mortgage used in real conversations inside our free language course.

Start Free Course

Know this word better than we do? Language is a living thing — help us keep it growing. Collaborate with Babel Free