Welsh mortgage

noun

A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

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Meanings

nounWelsh mortgage (plural Welsh mortgages)

plural Welsh mortgages

  1. A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

    The possession of the mortgagee is of the very essence of the Welsh mortgage, and every receipt of rent is a receipt, by virtue of the contract[…]

    1857, William Richard Fisher, The Law of Mortgage
Cite this entry
APA

Welsh mortgage. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/Welsh%20mortgage

MLA

“Welsh mortgage.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Welsh%20mortgage. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “Welsh mortgage,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/Welsh%20mortgage.

Source: Welsh mortgage on Wiktionary, CC BY-SA 4.0.