noun
- plural of mortgagee; lenders who hold mortgages on properties as security for loans
Usage: legal; finance
Examples
- The mortgagees required proof of income before approving the loan.
- Several mortgagees attended the foreclosure auction.
- Banks and credit unions are common mortgagees in residential real estate.
- The mortgagees have the right to foreclose if payments are not made.
- Different mortgagees offer varying interest rates and terms.
- The property deed listed three mortgagees as lienholders.