Welsh mortgage

Welsh mortgage
a special kind of mortgage, which has been used quite commonly in Ireland, under which the mortgagee takes possession of land as security for a loan. The mortgagee takes the rents and profits from the land in place of interest. The mortgagor has no obligation to pay the principal but may redeem it at any time on doing so.

Collins dictionary of law. . 2001.

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Look at other dictionaries:

  • Welsh mortgage — Welsh Welsh, a. [AS. w[ae]lisc, welisc, from wealh a stranger, foreigner, not of Saxon origin, a Welshman, a Celt, Gael; akin to OHG. walh, whence G. w[ a]lsch or welsch, Celtic, Welsh, Italian, French, Foreign, strange, OHG. walhisc; from the… …   The Collaborative International Dictionary of English

  • Welsh mortgage — See mortgage …   Black's law dictionary

  • welsh mortgage — noun Usage: usually capitalized W : an obsolete mortgage in which the mortgagee may keep the rents and profits of the estate in satisfaction of interest but cannot enforce payment of the principal and the mortgagor can redeem at any time by… …   Useful english dictionary

  • Welsh mortgage — A conveyance of land by way of giving security, similar to the vivum vadium. 36 Am J1st Mtg § 12. See vivum vadium …   Ballentine's law dictionary

  • Welsh — Welsh, a. [AS. w[ae]lisc, welisc, from wealh a stranger, foreigner, not of Saxon origin, a Welshman, a Celt, Gael; akin to OHG. walh, whence G. w[ a]lsch or welsch, Celtic, Welsh, Italian, French, Foreign, strange, OHG. walhisc; from the name of… …   The Collaborative International Dictionary of English

  • Welsh flannel — Welsh Welsh, a. [AS. w[ae]lisc, welisc, from wealh a stranger, foreigner, not of Saxon origin, a Welshman, a Celt, Gael; akin to OHG. walh, whence G. w[ a]lsch or welsch, Celtic, Welsh, Italian, French, Foreign, strange, OHG. walhisc; from the… …   The Collaborative International Dictionary of English

  • Welsh glaive — Welsh Welsh, a. [AS. w[ae]lisc, welisc, from wealh a stranger, foreigner, not of Saxon origin, a Welshman, a Celt, Gael; akin to OHG. walh, whence G. w[ a]lsch or welsch, Celtic, Welsh, Italian, French, Foreign, strange, OHG. walhisc; from the… …   The Collaborative International Dictionary of English

  • Welsh hook — Welsh Welsh, a. [AS. w[ae]lisc, welisc, from wealh a stranger, foreigner, not of Saxon origin, a Welshman, a Celt, Gael; akin to OHG. walh, whence G. w[ a]lsch or welsch, Celtic, Welsh, Italian, French, Foreign, strange, OHG. walhisc; from the… …   The Collaborative International Dictionary of English

  • Welsh mutton — Welsh Welsh, a. [AS. w[ae]lisc, welisc, from wealh a stranger, foreigner, not of Saxon origin, a Welshman, a Celt, Gael; akin to OHG. walh, whence G. w[ a]lsch or welsch, Celtic, Welsh, Italian, French, Foreign, strange, OHG. walhisc; from the… …   The Collaborative International Dictionary of English

  • Welsh onion — Welsh Welsh, a. [AS. w[ae]lisc, welisc, from wealh a stranger, foreigner, not of Saxon origin, a Welshman, a Celt, Gael; akin to OHG. walh, whence G. w[ a]lsch or welsch, Celtic, Welsh, Italian, French, Foreign, strange, OHG. walhisc; from the… …   The Collaborative International Dictionary of English

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