mortgagee

This term is a technical legal designation used primarily in real estate and finance. It identifies the lender or the entity that receives the security interest in a property. Because it is a specialized term of art, it is rarely used in casual conversation, where words like lender or bank are preferred.

Users must be careful not to confuse this with mortgagor, which refers to the borrower. A helpful mnemonic is that the mortgagee is the party who receives the mortgage agreement as security, while the mortgagor is the party who grants it.