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Economy

The word mortgage literally means death pledge

HERE’S THE INTERESTING PART

The common financial term 'mortgage' originates directly from old French law, translating literally and morbidly into the phrase 'death pledge.' It earned this grim legal title because the financial agreement only firmly dies when the massive loan is finally fully repaid or when the property is aggressively seized through devastating foreclosure.

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The word mortgage literally means death pledge
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