Definition

Share this Post

  • Connector.

    The person to whom property is mortgaged, usually the lender.

    Parlee McLaws LLP. “Glossary Of Common Financial and Legal Terms”, 4th ed.

  • Connector.

    Another definition of a mortgagee is a person or body, such as a bank, that lends money secured by a mortgage over the property of the borrower.

    Victoria Law Foundation. “Legal glossary” (2015)