Mortgagee
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mortgagee — mort·gag·ee /ˌmȯr gi jē/ n: a party (as a business or individual) to whom or in whose favor property is mortgaged Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. mortgagee … Law dictionary
mortgagee — (n.) 1580s, from MORTGAGE (Cf. mortgage) (v.) + EE (Cf. ee) … Etymology dictionary
mortgagee — ► NOUN ▪ the lender in a mortgage … English terms dictionary
mortgagee — [môr΄gə jē′] n. a person to whom property is mortgaged … English World dictionary
mortgagee — the organisation or person to whom the property is mortgaged. In the case of a bank loan, the organisation is usually the bank. Glossary of Business Terms A secured party to whom insurance proceeds are paid as stipulated in a mortgagee payee… … Financial and business terms
Mortgagee — The lender of a loan secured by property. The New York Times Financial Glossary * * * mortgagee mort‧ga‧gee [ˌmɔːgɪˈdʒiː ǁ ˌmɔːr ] noun [countable] LAW FINANCE a financial institution that lends money in the form of a mortgage * * * mortgagee UK… … Financial and business terms
mortgagee — See mortgager, mortgagee … Dictionary of problem words and expressions
mortgagee — The person to whom a mortgage is made. A mortgagee is held to be a purchaser within the meaning of a statute entitling the widow of a nonresident alien to the same rights in her husband s property as a resident, except as against a purchaser from … Ballentine's law dictionary
Mortgagee auction — is the term used in both Australia New Zealand to describe a property foreclosure auction. It is the process by which real estate is forced to auction by a bank or lending institution. This normally happens when the borrower defaults on their… … Wikipedia
mortgagee clause — A provision in a hazard insurance contract stipulating that in the event of a loss, proceeds will be paid to a secured party. Usually used when the insured property is real property. Includes personal property that is insured as contents of the… … Financial and business terms
