Definition: a certificate issued by the mortgagee when a mortgage is paid in full
Pronunciation: \ˌsa-təs-ˈfak-shən\ \ˈmȯr-gij\
Used in a Sentence: When we had paid off our mortgage debt we were issued a satisfaction of mortgage from the bank.
Definition: a certificate issued by the mortgagee when a mortgage is paid in full
Pronunciation: \ˌsa-təs-ˈfak-shən\ \ˈmȯr-gij\
Used in a Sentence: When we had paid off our mortgage debt we were issued a satisfaction of mortgage from the bank.