Guildmortgage Meaning and Definition
Guildmortgage
Pronunciation
/ˈɡɪldˌmɔrˈtɪʒ/
Part of Speech
Noun
Definition
A type of financial agreement that is specifically designed for guilds, either as a loan or an investment, allowing them to manage their finances and grow their businesses.
Examples
- The guild signed a guildmortgage with the bank to expand their operations.
- The guild used a guildmortgage to purchase a new facility for their workshops.
Synonyms
- Guild loan
- Cooperative financing
Antonyms
- Individual financing
- Personal loan
Etymology
The term “guildmortgage” originates from the combination of the words “guild” and “mortgage”, referring to the financial agreement made between the guild and the lending institution.
Additional Information
Guildmortgages are specialized financial arrangements that cater to the specific needs of guilds, providing them with the necessary funds to grow and develop their businesses. They often involve collaborative efforts between the guild, the lending institution, and other stakeholders to ensure the success of the project. Guildmortgages can be used for a wide range of purposes, including facility expansion, workforce development, and research and development.
When considering a guildmortgage, guilds should carefully review the terms and conditions, ensuring that the agreement aligns with their financial goals and objectives.
Usage Notes
Guildmortgages are typically used by guilds, craft organizations, or other cooperative entities that need access to capital to finance their projects or expansion plans.
Cultural References
In the fantasy novel “The Name of the Wind” by Patrick Rothfuss, the protagonist struggles with the consequences of taking out a guildmortgage to secure funding for his tavern.
Idiomatic Expressions or Phrases
- “Taking out a guildmortgage to finance your dreams”
Related Words or Phrases
- Bond
- Loan
- Capital
Collocations
- Guildmortgage agreement
- Guildmortgage options
- Guildmortgage terms
Frequency of Use
Guildmortgages are relatively rare in modern language, but they are becoming increasingly common as more guilds and cooperative entities seek alternative funding options.
Common Misspellings
- Gerbera
- Guilmortgage