Chase bank mortgage Meaning and Definition
Chase Bank Mortgage
Pronunciation
/ˈtʃeɪs ˈbæŋk ˈmɔːrɡɪdʒ/
Part of Speech
Noun
Definition
A type of loan or financial instrument provided by Chase Bank, allowing individuals or businesses to borrow money to purchase or renovate a property.
Examples
- John and Sarah applied for a Chase Bank mortgage to buy their dream home.
- The company needed a large mortgage to finance their expansion plans and turned to Chase Bank for assistance.
Synonyms
- Loan
- Financing
Antonyms
- Payment
- Debt
Etymology
The term “mortgage” originates from Old French “mort gage,” meaning “dead pledge,” and is derived from Latin “mortuus,” meaning “dead,” and “gage,” meaning “pledge” or “security.”
Usage Notes
A Chase Bank mortgage is typically used to purchase or renovate a property, and the terms and conditions of the loan are negotiable between the borrower and the lender.
Cultural References
The term “mortgage” appears in many contexts, including literature, film, and television, often as a symbol of financial struggle or aspirational goals.
Idiomatic Expressions or Phrases
Idioms such as “underwater mortgage” or “mortgaging the future” are common ways to describe the risks and consequences of taking on debt.
Related Words or Phrases
Terms such as “refinance,” “interest rate,” and “credit score” are closely related to the concept of a Chase Bank mortgage.
Collocations
Words like “home,” “property,” and “investment” often collocate with “Chase Bank mortgage.”
Frequency of Use
The term “Chase Bank mortgage” is commonly used in financial and real estate contexts, with a moderate frequency of use in everyday language.
Common Misspellings
Misspellings such as “Chase Bank Mortage” or “Mortgaje” are common errors, but accurate spelling is important for clear communication.