This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

• Lexulous
• Wordscraper
• Wordosaur

n. One that mortgages property.

n. Alternative spelling of mortgager.

n. the person who gives a mortgage in return for money to be repaid

"In the case of a non-recourse mortgage, the mortgagor is promising the bank that he will EITHER repay the loan OR give the bank the house."

debtor    debitor