Math Definitions - Letter M


Definition of Mortgage

Definition of Mortgage

A mortgage is a long-term loan that is used to buy some property. You can live in the property while it is mortgaged.

You need to repay the amount borrowed, together with interest and other bank charges to the bank that gives you the mortgage.

Until the mortgage is fully repaid, the bank holds the deeds (ownership papers) to the property.

If you fail to make your repayments, the bank can take your property and sell it so that they can get their money back.


The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.


Year 1 to Year 12 students

Learning Objectives

Learn common math terms starting with letter M

Author: Subject Coach
Added on: 6th Feb 2018

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