What's the difference between mortgage and pledge?

Mortgage


Definition:

  • (n.) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
  • (n.) State of being pledged; as, lands given in mortgage.
  • (v. t.) To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
  • (v. t.) Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.

Example Sentences:

  • (1) • This article was amended on 1 September 2014 because an earlier version described Platinum Property Partners as a buy-to-let mortgage lender.
  • (2) Gross mortgage lending stood at £7.9bn in April compared with £8.7bn in March and a six-month average of £9.9bn.
  • (3) "We have concerns that a potential buyer looking at a property may not value the improvements carried out under Green Deal and may not want to pay for them," a mortgage industry source told the Observer .
  • (4) The Guardian has a mortgage advice service, provided by London & Country
  • (5) Santander's new mortgage range complements this, putting our relationship with our customers at the heart of our business and ensuring they get the right mortgage for them – one they can afford and which meets their needs."
  • (6) To comply with these rules, interest is not paid on Islamic savings or current accounts, or charged on Islamic mortgages.
  • (7) The BBA statistics director, David Dooks, said: "It was no surprise to see the January mortgage figures falling back from December, when transactions were being pushed through to beat the end of stamp duty relief.
  • (8) The City watchdog said call handlers at Yorkshire, the UK’s second-biggest building society after Nationwide, failed to deal properly with customers who contacted the society about problems paying their mortgage.
  • (9) One mortgage payer, writing on the MoneySavingExpert forum, said: "They are asking for an extra £200 per month for the remaining nine years of our mortgage.
  • (10) "Getting a 95% loan to value mortgage lets you speculate on the expected house price increases a lot more than a 75% mortgage," he said.
  • (11) Childcare carves out a hefty third of household income for one in three families, overshadowing mortgage repayments as the biggest family expenditure .
  • (12) It’s been widely reported that black people are disproportionately harmed by the mortgage market.
  • (13) Would I be stupid not to wait another six months or so, to get a 90% mortgage given the cons of Help to Buy?
  • (14) Data from a sample of completed property sales provided by mortgage lenders, representing about 65%-70% of homes bought with mortgages.
  • (15) Alternatively, if your mortgage has been going for a few years – and so a reasonable amount of capital has been repaid, you may be able to borrow back up to the value of the original mortgage.
  • (16) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (17) Mortgage lenders are failing to follow rules designed to help people avoid repossession, according to a damning report published today.
  • (18) The main plans include: • a scheme to help buyers secure mortgages of up to 95% loan-to-value.
  • (19) If Thatcher's government is in part to blame, then Bill Clinton's is even more so; driven by a desire to let every American own their own home, it was Clinton's decision to create the ill-fated sub-prime mortgage system .
  • (20) For those who can't stump up more than 5% of the agreed price, he suggests guarantor mortgages, such as that offered by Lloyds TSB.

Pledge


Definition:

  • (n.) The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement; also, the contract created between the debtor and creditor by a thing being so delivered or deposited, forming a species of bailment; also, that which is so delivered or deposited; something put in pawn.
  • (n.) A person who undertook, or became responsible, for another; a bail; a surety; a hostage.
  • (n.) A hypothecation without transfer of possession.
  • (n.) Anything given or considered as a security for the performance of an act; a guarantee; as, mutual interest is the best pledge for the performance of treaties.
  • (n.) A promise or agreement by which one binds one's self to do, or to refrain from doing, something; especially, a solemn promise in writing to refrain from using intoxicating liquors or the like; as, to sign the pledge; the mayor had made no pledges.
  • (n.) A sentiment to which assent is given by drinking one's health; a toast; a health.
  • (n.) To deposit, as a chattel, in pledge or pawn; to leave in possession of another as security; as, to pledge one's watch.
  • (n.) To give or pass as a security; to guarantee; to engage; to plight; as, to pledge one's word and honor.
  • (n.) To secure performance of, as by a pledge.
  • (n.) To bind or engage by promise or declaration; to engage solemnly; as, to pledge one's self.
  • (n.) To invite another to drink, by drinking of the cup first, and then handing it to him, as a pledge of good will; hence, to drink the health of; to toast.

Example Sentences:

  • (1) She was clearly elected on a pledge not to cut school funding and that’s exactly what is happening,” Corbyn said.
  • (2) The green fund contributions already announced (which include a $3bn pledge by the US and a $1.5bn pledge by Japan revealed during the G20 summit) “show very clearly that if we want the emerging countries and the more fragile countries to participate in this global growth, we have to ... support them,” Hollande said.
  • (3) Federal judges who blocked the bans cited harsh rhetoric employed by Trump on the campaign trail , specifically a pledge to ban all Muslims from entering the US and support for giving priority to Christian refugees, as being reflective of the intent behind his travel ban.
  • (4) Under pressure from many backbenchers, he has tightened planning controls on windfarms and pledged to "roll back" green subsidies on bills, leading to fears of dwindling support for the renewables industry.
  • (5) It also pledged support to a veterans’ group that rejected a request by a gay, lesbian and bisexual group to march in the St Patrick’s Day parade in Boston.
  • (6) We simply do whatever nature needs and will work with anyone that wants to help wildlife.” His views might come as a surprise to some of the RSPB’s 1.1 million members, who would have been persuaded by its original pledge “to discourage the wanton destruction of birds”; they would equally have been a surprise to the RSPB’s detractors in the shooting world.
  • (7) We are prepared to be honest with people and say that we will all need to chip in a little more.” The party’s health spokesman, Norman Lamb, said: “The NHS was once the envy of the world and this pledge is the first step in restoring it to where it should be.
  • (8) Royal Mail has pledged not to give Greene a large pay rise until after the current financial year, but the government's move follows Royal Mail chairman Donald Brydon telling the Daily Telegraph this week that Greene was the "lowest-paid chief executive in the FTSE 100" and that a rise in her pay was necessary to keep her.
  • (9) Well one of the things we have in common is we produce a lot of carbon … which means we’ve got to step up.” In the backrooms of the G20 meeting, Australia was continuing to resist language in the official communique encouraging countries to make pledges to the Green Climate Fund , but to a rousing reception at a local university, Obama announced the $3bn US commitment.
  • (10) Tim Farron has pledged to fight the next general election on a platform of taking the UK back into Europe .
  • (11) And when you said the pledge of allegiance in the morning, you had to look at those flags.
  • (12) But Sainsbury attacked government attempts to secure further pledges as a "total waste of time" given Pfizer's record of breaking promises in past takeovers.
  • (13) In a telling moment, 17 editors of both state and private newspapers collectively pledged in November to avoid criticising the state.
  • (14) Fenway, which also owns the Boston Red Sox baseball team, bought Liverpool for £300m in 2010 and pledged to return the club to the top of English football, following what was then a 20-year gap since the club last won the top flight.
  • (15) China INDC This would be “a key” to success of the UN climate talks, a French diplomatic official said, because the current national pledges won’t be enough to achieve the goal of keeping the rise in global temperatures below 2C between pre-industrial times and the end of the century.
  • (16) Climate change is also high on protesters’ and politicians’ agendas, and the German chancellor, Angela Merkel, called for the industrial powers to throw their weight behind a longstanding pledge to seek $100bn (£65bn) to help poor countries tackle climate change, agreed in Copenhagen in 2009.
  • (17) The party has also pledged to ensure that the wealthy make a greater contribution by restoring the 50p higher rate of income tax.
  • (18) Abbott's comments on Wednesday morning followed a pledge from Yudhoyono on Tuesday night to restore normal bilateral relations if Australia signed up to a new code of ethics on intelligence sharing.
  • (19) The media mogul said he had spoken "very carefully under oath" at the Leveson inquiry on Wednesday, when he had said that Brown had pledged to "declare war" on his company in a phone call made at around the time the Sun came out in support of the Conservative party, on 30 September of that year.
  • (20) "He has pledged to push for devolution of power to the north and east, and has said that the solution to the national question must have the agreement of all parties."