A small, square board with a handle underneath, which is used to hold mortar or plaster. It is also called a hawk.
Mortar box
Metal-lined box for mixing mortar.
Mortar hoe
Hoe which has two large holes in the blade section so that some of the mortar goes through them when the blade is drawn through the mortar, making it easier to mix.
Mortar joint
Mortar used to bond a masonry joint.
Mortar joint finish
There are two types of finishes given to a mortar joint - troweled and tooled. Excess mortar is struck off the troweled joint, with no additional finish. With a tooled joint, a "jointer" tool is pressed along the wet mortar, compressing and shaping it.
Mortgage
A type of debt in which the borrower gives the lender a lien against the property until the funds are paid back.
Mortgage acceleration clause
Provision in a mortgage, which gives the lender the right to demand repayment of the entire loan, under certain circumstances, such as default, property sale, change of title, or refinance.
Mortgage amortization
Repayment of a loan on a scheduled installment basis. As a loan is amortized, the equity in the associated property is increased. In the early years, the bulk of each payment goes toward interest rather than principal.
Mortgage banker
A firm, individual, or corporation that originates, sells and/or services loans secured by mortgages on real property.
Mortgage bonds
Bonds collateralized by real estate. Two kinds of mortgage bonds are senior mortgages, (having a first claim on assets and earnings), and junior mortgages (having a subordinate lien). A mortgage bond may have a closed-end provision that prevents the firm from issuing additional bonds of the same priority against the same property or may be an open-end mortgage that allows the issuance of additional bonds having equal status with the original issue.
