Definition: mortgagor

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Source: WordNet (r) 1.7 

mortgagor
     n : the person who gives a mortgage in return for money to be
         repaid; "we became mortgagors when the bank accepted our
         mortgage and loaned us the money to buy our new home"
         [syn: mortgager]

Source: Webster's Revised Unabridged Dictionary (1913) 

Mortgageor \Mort"gage*or\, Mortgagor \Mort"ga*gor\, n. (Law)
   One who gives a mortgage.

   Note: The letter e is required analogically after the second
         g in order to soften it; but the spelling mortgagor is
         in fact the prevailing form. When the word is
         contradistinguished from mortgagee it is accented on
         the last syllable (?).