What do you call another term for a mortgage, regarding the pledge of property as security for a loan?

The term "dead pledge" comes from the historical origins of the word mortgage, originating from the Old French term "mort" meaning dead and "gage" meaning pledge. Essentially, it refers to the idea that the pledge (the property) becomes "dead" to the borrower once the mortgage is taken out, as the borrower loses certain rights to the property until the loan is paid off. This term accurately describes the relationship between the borrower and the lender within a mortgage context, emphasizing the encumbrance on the property until the debt obligation is fulfilled.

In this terminology, the concept encompasses the security interest in the property that backs the loan, highlighting the financial obligation that exists between the two parties. Understanding this term is essential for anyone involved in real estate and mortgage transactions, as it relates to the legal framework governing property financing.

The other options reflect various aspects related to loans and property but do not encapsulate the foundational concept of a mortgage in the way "dead pledge" does. For example, a collateral agreement specifically refers to additional security provided for a loan, while a deed of trust is a legal document involving a third party or trustee and does not directly reflect the same pledge context as the phrase "dead pledge." A secured note relates to