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English definition of “mortgagee”

mortgagee

noun [C]     /ˌmɔːɡɪˈdʒiː/ FINANCE
a bank or other financial organization that lends money in the form of mortgages : Your mortgagee is likely to have a number of requirements that you must comply with.
(Definition of mortgagee noun from the Cambridge Business English Dictionary © Cambridge University Press)
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