(n) the person who gives a mortgage in return for money to be repaid, Syn. mortgager, Example:we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home
The Collaborative International Dictionary of English (GCIDE) v.0.53 Collaborative International Dictionary (GCIDE)
{ } n. (Law) One who gives a mortgage. [ 1913 Webster ]
☞ The letter e is required analogically after the second g in order to soften it; but the spelling mortgagor is in fact the prevailing form. When the word is contradistinguished from mortgagee it is accented on the last syllable [ 1913 Webster ]