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n. - The person who accepts a conveyance of property upon a condition (as security for the payment of a debt or the performance of a duty) that operates as a lien or charge securing the payment of the money or the performance of an obligation.

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Usage examples (32)
  • The bank became our mortgagee when it accepted our mortgage on our new home
  • Often our customers were facing potentially hard times such as mortgagee sales.
  • I've heard talk the 'mortgagee' tag is used to drag out the bargain hunters to properties that are simply normal sales.
  • MERS is listed as the mortgagee for 60% of U.S. mortgages.
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