The person to whom a mortgage is made. A mortgagee is held to be a "purchaser" within the meaning of a statute entitling the widow of a nonresident alien to the same rights in her husband's property as a resident, except as against a "purchaser" from her husband. Estate of Gill, 79 Iowa 296, 44 NW 553.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • mortgagee — mort·gag·ee /ˌmȯr gi jē/ n: a party (as a business or individual) to whom or in whose favor property is mortgaged Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. mortgagee …   Law dictionary

  • Mortgagee — Mort ga*gee , n. (Law) The person to whom property is mortgaged, or to whom a mortgage is made or given. [1913 Webster] …   The Collaborative International Dictionary of English

  • mortgagee — (n.) 1580s, from MORTGAGE (Cf. mortgage) (v.) + EE (Cf. ee) …   Etymology dictionary

  • mortgagee — ► NOUN ▪ the lender in a mortgage …   English terms dictionary

  • mortgagee — [môr΄gə jē′] n. a person to whom property is mortgaged …   English World dictionary

  • mortgagee — the organisation or person to whom the property is mortgaged. In the case of a bank loan, the organisation is usually the bank. Glossary of Business Terms A secured party to whom insurance proceeds are paid as stipulated in a mortgagee payee… …   Financial and business terms

  • Mortgagee — The lender of a loan secured by property. The New York Times Financial Glossary * * * mortgagee mort‧ga‧gee [ˌmɔːgɪˈdʒiː ǁ ˌmɔːr ] noun [countable] LAW FINANCE a financial institution that lends money in the form of a mortgage * * * mortgagee UK… …   Financial and business terms

  • mortgagee — See mortgager, mortgagee …   Dictionary of problem words and expressions

  • mortgagee — noun Date: 1584 a person to whom property is mortgaged …   New Collegiate Dictionary

  • mortgagee — /mawr geuh jee /, n. a person to whom property is mortgaged. [1575 85; MORTGAGE + EE] * * * …   Universalium