I think we all felt that taking a mortgage is similar to a death pledge, but did you know this actually is the meaning of the word?
Originating in late 14th century French, mortgage comes from morgage, mort meaning ‘dead’ and gage meaning ‘pledge’. The word was chosen as during those times, the deal used to die when the payments were paid off, or when, let’s put it gently- the payments fail. For which ever reason.
