Definition: a lender who holds a mortgage on specific property as security for the money loaned to the borrower
Pronunciation: \ˌmȯr-gi-ˈjē\
Used in a Sentence: We used our local bank as the mortgagee for our home loan.
Definition: a lender who holds a mortgage on specific property as security for the money loaned to the borrower
Pronunciation: \ˌmȯr-gi-ˈjē\
Used in a Sentence: We used our local bank as the mortgagee for our home loan.