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Peter,毕业于法国一流的高级翻译学院,擅长翻译涉及基础建设领域的法律文件。