A death pledge

According to dictionary.reference.com, the origin and history of “mortgage” is:

1390, from O.Fr. morgage  (13c.), mort gaige,  lit. “dead pledge” (replaced in modern Fr. by hypothèque ), from mort  “dead” + gage  “pledge;” so called because the deal dies either when the debt is paid or when payment fails. O.Fr. mort  is from V.L. *mortus  “dead,” from L. mortuus,  pp. of mori  “to die.

In 2008, we bought our first house and committed ourselves to such a pledge. I don’t know why I didn’t think about the meaning of the word before we went ahead with the purchase.

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One thought on “A death pledge

  1. I would appreciate it if you would live out the length of your mortgage amortization, thank you very much. No, not for financial reasons, purely selfish personal reasons…

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