Jun 02 , 2016

Tampa School of Real Estate

Satisfaction Of Mortgage

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.

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