Mortgagor
ahd-5
noun.
One that mortgages property, usually the nominal owner entitled to use of the property.
Wiktionary, Creative Commons Attribution/Share-Alike License
noun.
Alternative spelling of
mortgager
.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
noun.
the person who gives a mortgage in return for money to be repaid
Word Usage
"In the case of a non-recourse mortgage, the mortgagor is promising the bank that he will EITHER repay the loan OR give the bank the house."
Hypernym
Words that are more generic or abstract
debitor
debtor