Ceiling vs Mortgage - What's the difference?
ceiling | mortgage |
The surface that bounds the upper limit of a room.
* {{quote-book, year=1963, author=(Margery Allingham)
, title=(The China Governess)
, chapter=1 The upper limit of an object or action.
(aviation) The highest altitude at which an aircraft may fly.
(mathematics) The smallest integer greater than or equal to a given number.
(nautical) The inner planking of a vessel.
(legal) A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
(obsolete) State of being pledged.
(legal) To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
(figurative) To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
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As nouns the difference between ceiling and mortgage
is that ceiling is the surface that bounds the upper limit of a room while mortgage is (legal) a special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property such as a house or piece of farm land the assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.As verbs the difference between ceiling and mortgage
is that ceiling is while mortgage is (legal) to borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.ceiling
English
Noun
(en noun)citation, passage=The huge square box, parquet-floored and high-ceiling ed, had been arranged to display a suite of bedroom furniture designed and made in the halcyon days of the last quarter of the nineteenth century, […].}}