Why is a mortgage called that? Mortuary is associated with death. Are the two words from the same root?

Question

Or is it because a mortgage leads you to a mortuary slowly slowly?

Answer 1

Yes, they are both derived from the Latin 'mori' which means to die.

Answer 2

A mortgage is a method of using property (real or personal) as security for the payment of a debt.

The term mortgage (from Law French, lit. death vow) refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals or businesses can purchase residential or commercial real estate without the need to pay the full value immediately.

In many countries it is normal for home purchase to be funded by a mortgage. In countries where the demand for home ownership is highest, strong domestic markets have developed, notably in Spain, the United Kingdom and the United States.

MORTUARY

A morgue or mortuary or morg (American English) is a building or room (as in a hospital) used for the storage of human remains.

Morgue is predominantly used in American English, whilst mortuary is more common in British English. (Mortuary is also often synonymous with funeral home in American English.) The euphemism Rose Cottage is widely used in British hospitals to enable discussion in front of patients, relatives and visitors without disturbing them, although,in this day and age,the term is not encouraged. The term morgue is derived from French morguer, which means 'to look at solemnly, to defy'. The term was first used to describe the inner wicket of a prison, where prisoners were kept for some time, during which the jailers and turnkeys would spend time looking at the prisoners so that they would be able to recognize them. Relating to dead people, the name was first given to a building in Paris, which, in the middle of the fifth century, was part of the Châtelet and was used for the keeping and identification of unknown corpses.

Probably because it is in a sense where the "dead bodies" are kept, the term morgue is also used in the United States to refer to the room in which newspaper or magazine publishers keep their back issues and other historical references.

Morgues have been constructed in all large cities in the United States, including Boston (1851), New York City, (1866), Chicago, (1872), etc.

Answer 3

Your right about the mortification.

Mort - represents the weakness of mortality
Gage - represents studying to see when something changes

Together mortgage reprents gaging you death. When the bank motgages your house they are gaging for when you will financially die (stop paying). This is an old greek work when the gods were considered immortal until they were found to be men.

Answer 4

Your anology speaks of your mindset. All mortgages are not leading to death, there are several other avenues open to the mortgager and can lead to luxuries of life if properly utilised.

Answer 5

Yes it means safe deposit against some favour monetary or otherwise, in the latter case the body is deposited for the favour of relieving the soul from the pains of life!

Answer 6

French: Mort = dead; gage = pledge

If you fail to pay the debt, the property you used as security is dead to you (you lose it).