n. One who provides a loan secured upon the borrowers' property, the lender in a mortgage agreement.
the GNU version of the Collaborative International Dictionary of English
n. The person to whom property is mortgaged, or to whom a mortgage is made or given.
The Century Dictionary and Cyclopedia
n. One to whom property is mortgaged.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. the person who accepts a mortgage
Word Usage
"The factory owner, the mine owner, the ship owner, who thought it safe twenty years ago to borrow half the value of his plant in order to find capital for his business, now finds that the mortgagee is the virtual owner."