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 法律翻译David,毕业于美国顶尖的高级翻译学院,专注翻译各类与电子证据开示与文件保全有关的法律文件。