What is the meaning of mortgagee?

mortgagee is a secured party to whom insurance proceeds are paid as stipulated in a mortgagee payee clause of an insurance policy obtained by a debtor and covering property owned by a debtor and pledged to the secured party. Generally applies to real property.

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APABarry Goldsmith. (2010). mortgagee. Retrieved September 25, 2026, from http://smartdefine.org/mortgagee/definitions/1158545
ChicagoBarry Goldsmith. 2010. "mortgagee" http://smartdefine.org/mortgagee/definitions/1158545 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, mortgagee, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/mortgagee/definitions/1158545>.
MLABarry Goldsmith. "mortgagee" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/mortgagee/definitions/1158545>
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