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Why Is a Mortgage Called a “Death Pledge”?

Here’s a spooky money fact for you: The word mortgage literally means “death pledge.”Yikes. But don’t worry—it’s not nearly as morbid as it sounds. Let’s break it down: So why the gloomy term? Back in medieval times, a mort-gage was a legal agreement that would “die” when the debt was paid off—or when the borrower…

Finance Hub
May 3, 2025
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