저당권

jeodanggwon
Noun

Definitions

mortgage
A creditor's priority right to payment in connection with a security in case the debtor cannot repay his/her debt.
빚을 진 사람이 빚을 갚지 못할 경우, 채권자가 담보에 대해 우선적으로 빚을 돌려받을 수 있는 권리.

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Dictionary data from Korean Learners' Dictionary (한국어기초사전) by the National Institute of Korean Language, licensed under CC BY-SA.