Assign vs Mortgage - What's the difference?
assign | mortgage |
(lb) To designate or set apart something for some purpose.
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(lb) To appoint or select someone for some office.
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(lb) To allot or give something as a task.
*(Robert Southey) (1774-1843)
*:The man who could feel thus was worthy of a better station than that in which his lot had been assigned .
* (1796-1859)
*:He assigned to his men their several posts.
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*:Captain Edward Carlisle; he could not tell what this prisoner might do. He cursed the fate which had assigned such a duty, cursed especially that fate which forced a gallant soldier to meet so superb a woman as this under handicap so hard.
(lb) To attribute or sort something into categories.
To transfer property, a legal right, etc., from one person to another.
To give (a value) to a variable.
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An assignee.
(obsolete) A thing relating or belonging to something else; an appurtenance.
* Shakespeare
(legal) A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
(obsolete) State of being pledged.
(legal) To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
(figurative) To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
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In obsolete|lang=en terms the difference between assign and mortgage
is that assign is (obsolete) a thing relating or belonging to something else; an appurtenance while mortgage is (obsolete) state of being pledged.As verbs the difference between assign and mortgage
is that assign is (lb) to designate or set apart something for some purpose while mortgage is (legal) to borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.As nouns the difference between assign and mortgage
is that assign is an assignee while mortgage is (legal) a special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property such as a house or piece of farm land the assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.assign
English
Verb
(en verb)Derived terms
* assignment * assignable * assignationNoun
(en noun)- Six French rapiers and poniards, with their assigns , as girdles, hangers, and so.