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Definition of mortgagee noun from the Oxford Advanced Learner's Dictionary

mortgagee

noun
 
/ˌmɔːɡɪˈdʒiː/
 
/ˌmɔːrɡɪˈdʒiː/
(specialist)
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  1. a person or an organization that lends money to people to buy houses, etc.
See mortgagee in the Oxford Advanced American Dictionary
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