Etymology, another thing Ritchie doesn’t know

It is not for nothing that the word mortgage means ‘grip of death’.

Piffle, It means that the deal, the security, is dead when the debt is repaid.

13 thoughts on “Etymology, another thing Ritchie doesn’t know”

  1. The Inimitable Steve

    Magnificent! He’s like the Trevi Fountain of bullshit.

    Ritchie is “Dave” and I claim my £5.

  2. “Gage” means pledge not grip. So the pledge dies when the loan is repaid,as Tim says. It also implies that the mortgagor loses his pledge if he does not repay ie the security dies as far as he is concerned.

  3. Philip Scott Thomas

    What Diogenes said.

    At least that’s how Coke explained it in 1628: ‘It seemeth that the cause why it is called mortgage is, for that it is doubtful whether the Feoffor will pay at the day limited such summe or not, & if he doth not pay, then the Land which is put in pledge vpon condition for the payment of the money, is taken from him for euer, and so dead to him vpon condition, &c. And if he doth pay the money, then the pledge is dead as to the Tenant, &c.’

  4. @Philip Scott Thomas

    So something clearly known and explained in 1628 is unknown to Murphy.

    Why am I not surprised?

    Who will point that out to the Fat Eminence?

  5. Philip Scott Thomas

    Andrew C

    Apparently so. It took me – what? 10 seconds? – to Google the “OED online” and look up “mortgage”. And Coke is about as solid a source as they come.

  6. I think you’re being a little harsh on our pustulant, egg-shaped jousting partner Tim:

    “When I use a word,” Humpty Dumpty said, in rather a scornful tone, “it means just what I choose it to mean—neither more nor less.”

  7. If he’d kept his mouth shut people might have thought he was clever.

    No really.

    It is the combination of astounding ignorance and his rock solid belief that everything he says is true which leads to the truly stratospheric levels of stupidity he reaches day after day.

  8. Perhaps he’s joking! (He can’t be that stupid.) Traditionally a ‘death-pledge’ was obviously preferable to the alternative ‘life-pledge’ simply because it was meant to come to an end (it would “die”) when the money was paid back, rather than continuing indefinitely.

  9. Bloke in Costa Rica

    The only thing Spud has a death-grip on is his knob when he’s wanking himself senseless in his shed thinking up fresh fuckwittery with which to bedazzle us.

  10. I have been an occasional visitor to these pages and, not being familiar with Richard Murphy’s oeuvre, I have been taken aback by the opprobrium heaped on the hapless gentleman, but I’m coming around to the idea that he deserves it. He really thinks that lending against collateral, which any observer in his right mind would judge to have contributed immeasurably to the outstanding economic performance in the developed world over the last few hundred years, is a bad thing?

    Murphaloon, indeed.

  11. “I have been an occasional visitor to these pages and, not being familiar with Richard Murphy’s oeuvre, I have been taken aback by the opprobrium heaped on the hapless gentleman, but I’m coming around to the idea that he deserves it.”

    It doesn’t take long.

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