Mortgaged vs Pawned - What's the difference?
mortgaged | pawned |
(mortgage)
(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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(pawn)
(label) The most common chess piece, or a similar piece in a similar game. In chess each side has eight; moves are only forward, attacks are only forward diagonally or en passant.
(label) Someone who is being manipulated or used to some end, usually not the end that individual would prefer.
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*:“I'm through with all pawn -games,” I laughed. “Come, let us have a game of lansquenet. Either I will take a farewell fall out of you or you will have your sevenfold revenge”.
(video games) To render one's opponent a mere pawn, especially in a real-time strategy games.
The state of being held as security for a loan, or as a pledge.
* Shakespeare
An instance of pawning something.
* Shakespeare
* John Donne
An item given as security on a loan, or as a pledge.
*, New York, 2001, p.106:
* Francis Bacon
(rare) A pawn shop, pawnbroker.
To pledge; to stake or wager.
To give as security on a loan of money; especially, to deposit (something) at a pawn shop.
* 1965 , (Bob Dylan), (Like a Rolling Stone)
As verbs the difference between mortgaged and pawned
is that mortgaged is (mortgage) while pawned is (pawn).mortgaged
English
Verb
(head)mortgage
English
Noun
(en noun)Derived terms
* anaconda mortgageVerb
(mortgag)pawned
English
Verb
(head)pawn
English
Etymology 1
From (etyl) paun, .Noun
(en noun)Synonyms
* See alsoSee also
* * *Verb
(en verb)Etymology 2
From (etyl) , apparently from a Germanic language (compare Middle Dutch pant, Old High German pfant).Noun
(en noun)- All our jewellery was in pawn by this stage.
- My life I never held but as a pawn / To wage against thy enemies.
- Redeem from broking pawn the blemish'd crown.
- As the morning dew is a pawn of the evening fatness, so, O Lord, let this day's comfort be the earnest of to-morrow's.
- Brokers, takers of pawns , biting userers, I will not admit; yet I will tolerate some kind of usery.
- As for mortgaging or pawning,men will not take pawns without use [i.e. interest].
Verb
(en verb)- But you'd better take your diamond ring, you'd better pawn it, babe.