consolidation of mortgagesglossary / CONSOLIDATION OF MORTGAGES consolidation of mortgages. Hist. The equitable right of a mortgagee who holds multiple mortgages on real property owned by the same person to refuse to release one mortgage unless all the mortgages are redeemed. 词条贡献者 双语律师Jerry,毕业于一所培养最顶级翻译人才的语言学院,擅长翻译各类与欧洲隐私及安全法相关的法律文件。