Mortgaged

verb

1. To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.

   "We mortgaged our house in order to start a company."

2. To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.