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⇱ mortgagee | meaning of mortgagee in Longman Dictionary of Contemporary English | LDOCE

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English

mortgagee

From Longman Dictionary of Contemporary Englishmortgageemort‧ga‧gee /ˌmɔːɡəˈdʒiː $ ˌmɔːr-/ noun [countable] a person or organization that lends money to people to buy propertyExamples from the Corpusmortgagee• Every buyer, lessee and mortgagee of property in or in the vicinity of a coalmining area should search before exchanging contracts.• For example, if the title deeds are left with the company, an equitable mortgagee by deposit will take priority.• Every buyer, lessee, mortgagee of registered land should search shortly before completion.• In practice most mortgagees require to join in the conveyance.• The second mortgagee should also be a party to receive the additional covenant of the wife.• Some mortgagees are dispensing with the involvement of conveyancers with endowment policies altogether.• Some mortgagees insist on approving the draft conveyance or transfer and regard must therefore be had to the practice of each mortgagee.• The mortgagee registers a puisne mortgage.From Longman Business Dictionarymortgageemort‧ga‧gee /ˌmɔːgɪˈdʒiːˌmɔːr-/ noun [countable] LAWFINANCEa financial institution that lends money in the form of a mortgage
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