mortgaged
verb
Definitions
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.
Example: We mortgaged our house in order to start a company.
To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.