Hock vs Mortgage - What's the difference?
hock | mortgage |
A Rhenish wine, of a light yellow color, either sparkling or still, from the Hochheim region, but often applied to all Rhenish wines.
The tarsal joint of a digitigrade quadruped, such as a horse, pig or dog.
Meat from that part of a food animal.
, obligation as collateral for a loan.
*
Debt.
Installment purchase.
*
Prison.
(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.
*
*
As nouns the difference between hock and mortgage
is that hock is a Rhenish wine, of a light yellow color, either sparkling or still, from the Hochheim region, but often applied to all Rhenish wines while mortgage is 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 hock and mortgage
is that hock is to disable by cutting the tendons of the hock; to hamstring; to hough while mortgage is 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.hock
English
Etymology 1
From hockamore, from the name of the German town of .Noun
(en noun)Etymology 2
From (etyl) hoch, hough, hocke, from Old English ‘skeleton’)Noun
(en noun)Derived terms
* rattle one's hocksEtymology 3
.Noun
(-)- He needed $750 to get his guitar out of hock at the pawnshop.
- They were in hock to the bank for $35 million.