A term used in the mortgage industry to refer to a delay in payment of 30 days or more.
Literal Meanings of Mortgage Late
Meanings of Mortgage:
A legal arrangement under which banks, mortgage lenders, etc. lend at interest in exchange for allocating the lender's property, provided that the transfer of ownership is terminated upon repayment of the loan.
Assign lenders as collateral for loans.
Sentences of Mortgage
I deposited one lakh in cash and mortgaged the rest.
The form is mortgaged
Meanings of Late:
Do something or be after a specific, reasonable or normal time.
Belong to or live for a long time.
(Of a particular person) is no longer alive.
After a certain period, reasonable or normal.
Too much at the end of the period.
Previously lived or worked, but is not currently in a particular place or institution.
Sentences of Late
Your late arrival
You finally won the game with one goal.
The late Francis Bacon
It's too late
Happened in late 1994.
Mrs. Halford, ■■■■ on the county register.
Synonyms of Late
not on time, delayed, behind schedule, long-overdue, deceased, lamented, dilatorily, perished, recently, gone, passed on/away, extinct, departed, expired, dilatory, behindhand, unpunctual, tardy, behind, tardily, behind time, at the tail end, belatedly, long-delayed, slow