A property-owner's-loan contract with terms that are so grievous and/or long-term that the only time you will likely ever be relieved of it is after you "shuffle off".
A clever early-'80's cartoon-example of a morgueage: a scowling bill collector is shown speaking to a "Here lies John Smith" gravestone: "And so I am warning you for the final time, Mr. Smith --- if we do not receive your payment within two weeks, we are gonna hafta take some STERN STEPS! Do you hear me, Mr. Smith?! STERN STEPS!"
by QuacksO May 21, 2018
Get the morgueage mug.A large sum of money that is loaned in order for someone to purchase a home. Though not required if you have lots of cash, it is quite common for a home owner to need to borrow to finance their home. Comes in a variety of flavors to suit the borrower: 20 yr, 30 yr, fixed, or ARM (adjustable rate morgage), etc. A morgage is also another form of modern slavery and gives a homeowner the illusion that he in fact owns the house he lives in, when in reality, the bank owns it and is just lending it to him until he moves and gets another morgage for another house in which the man may never live to fully own.
Renter: Hey what u doing?
Home Owner: Paying my morgage.
Renter: Sucker! I only pay half of that.
Home Owner: Yeah but I am slowly building up equity. What are you doing with your rent?
Renter: Paying some other guys morgage.
Home Owner: Paying my morgage.
Renter: Sucker! I only pay half of that.
Home Owner: Yeah but I am slowly building up equity. What are you doing with your rent?
Renter: Paying some other guys morgage.
by DaHouse113 November 5, 2009
Get the morgage mug.Related Words
"The initial pleasure of Karen's tightness was tempered by the feeling that I was humping a cadaver and was about to experience my first morgueasm."
- Grant Stoddard from Nerve.com
article: "I Did it for Science"
- Grant Stoddard from Nerve.com
article: "I Did it for Science"
by Sad Little Man February 27, 2004
Get the morgueasm mug.by Dingo Fang July 22, 2015
Get the Morguegasm mug.For example: “Let’s have a morguee”
by Nickiel December 29, 2022
Get the Morguee mug.Infamous robber-baron who didn't mind filling the funeral homes with corpses just so that he and his "rich-bug" cronies could continue "living the good life".
I try to be very careful with my finances so that I don't have to take out any loans, and I avoid the NYSE like the plague; with these wise practices, I hopefully won't fall victim to any modern-day J.P. Morgueans.
by QuacksO September 30, 2018
Get the J.P. Morguean mug.