Definition of "mortgagee"
  1. An entity or person that lends money, with the loan backed by the borrower's real estate property
How to use "mortgagee" in a sentence
  1. The bank became the mortgagee when it lent money to John for his house.
  2. The mortgagee can initiate foreclosure if the homeowner fails to meet the repayments.
  3. ABC Corporation, acting as the mortgagee, lent a large sum to the real estate developer.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z