Mortgagor
Term · Insurance and risk management · MLC-T-INS-002236
The borrower in a mortgage agreement, who pledges their property as collateral for a loan from a mortgagee (lender). The mortgagor is responsible for making regular mortgage payments and maintaining the property. In insurance, the mortgagor is the policyholder who purchases property insurance to protect their interest in the mortgaged property.
| Identifier | MLC-T-INS-002236 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002236",
"term": "Mortgagor",
"field": "Insurance and risk management",
"definition": "The borrower in a mortgage agreement, who pledges their property as collateral for a loan from a mortgagee (lender). The mortgagor is responsible for making regular mortgage payments and maintaining the property. In insurance, the mortgagor is the policyholder who purchases property insurance to protect their interest in the mortgaged property.",
"url": "https://mlchart.com/terminology/insurance/mortgagor/"
}
Record 2,199 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.