Sentences with phrase «death pledge»
The phrase "death pledge" refers to a situation where a person owes money to another person or organization, and if they don't pay it back, they may face extreme consequences or lose their possessions. Full definition
Having a great credit score can sometimes save you an entire point on your interest rate, which could result in tens of thousands of dollars of savings over the life of your death pledge.
thebrokeprofessional.com
This type of loan is called a mortgage (which literally means «death pledge»)
But you may not know that in the literal sense, it is defined as a «death pledge» in the French language.
The word mortgage literally translates to «death pledge».
If you were to have your sights set on a new house, but you learned that in order to buy it, a special «death pledge» was part of the deal, you'd probably run far, far away in the other direction.
But what if we were to tell you that a death pledge is just another term for a good old fashioned mortgage loan?
But what if your death pledge outlives you?
The word «mortgage» comes from the Old French for «death pledge,» meaning that the loan expires after being paid in full; if it's not paid, the property is taken and is «dead» to the owner.
The English term «mortgage», to refer to the loan one takes out for a home, is derived from French and means «death pledge»; the pledge dies either through fulfillment of the contract or the foreclosure of the property.