/ˈmɔːɡɪʤˈ/ – Noun
Definition: 1. đồ cầm cố, đồ thế chấp;
2. khế ước cầm cố, thế chấp,.
A more throughout explanation: A mortgage is a legal agreement by which a person borrows money from a financial institution to purchase a property, and the property is used as collateral to secure the loan. If the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure.
Example: The bank granted a mortgage to the couple to finance the purchase of their new home.