Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
mortgagee
One to whom property is mortgaged; the mortgage-creditor, or lender. - Also termed mortgage-holder.
mortgagee in possession
A mortgagee who takes control of mortgaged land by agreement with the mortgagor, usu. upon default of the loan secured by the mortgage. mortgagee clause. See MORTGAGE CLAUSE.
mortgagee policy
A title-insurance policy that covers only the mortgagee's title and not the owner's title. Cf. OWNER'S POLICY.