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Law dictionary
Mortgagee

Mortgagee

noun

The lender of the money which is secured by a mortgage.

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For example

The mortgagee was the larges bank in the country.

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Other useful terms:

Equitable mortgage

The type of mortgage where the purchaser owns the property which is security for the mortgage.

Mortgage

Using property as security for a debt. It is also the name for the contract which is signed by the borrower and lender when money is lent using property as security for a loan.

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