MORTGAGE - hipoteka
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The Word of the Week: |
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MORTGAGE (noun) /ˈmɔːɡɪdʒ/
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Definition: |
A legal arrangement where you borrow money from a financial institution in order to buy land or a house, and you pay back the money over a period of years. |
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Example: |
He arranged a 30-year mortgage at 7% for the five-bedroom house. |
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Polish Translation:  |
hipoteka |
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Did you know? |
If you're considering buying a house or another type of property, you'll likely have to shop around for a mortgage loan. When you make this deal, you have mortgaged your house — the word mortgage can be used as a noun or a verb. |
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Check your memory: |
An electronic machine outside or inside a bank to withdraw money is called an _________. |
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