This is a limited preview — please sign in or subscribe to learn everything we know about the term “mortgagee”.

mortgagee

noun

Definitions of mortgagee

  • a person or business, usually a bank, who lends money to a borrower for the purpose of buying real property. The loan is secured by this real property.

    "If the mortgagee decides to exercise its power of sale, it has a specific duty to take reasonable care to obtain the best price reasonably available at the time."

Phrase Bank for mortgagee

Discounts for lawyers and law firms

Save time and money for you and your clients with our unique knowledge base.

Learn more

Improve your Legal English skills

Try the sample and preorder our digital coursebook, the English for Law at a big discount!

Try the sample unit!
TransLegal