- satisfaction of mortgage
- The payment of a mortgage. 36 Am J1st Mtg § 406.
Ballentine's law dictionary. Anderson, W.S.. 1998.
satisfaction of mortgage
Look at other dictionaries:
satisfaction of mortgage — 1) Payment in full on a mortgage. 2) The document a mortgage holder signs to indicate that a mortgage has been fully paid and the mortgage lien has been released. Category: Real Estate & Rental Property → Buying a House Category: Real Estate &… … Law dictionary
mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… … Law dictionary
satisfaction — sat·is·fac·tion n 1 a: the act or fact of satisfying b: execution of an accord by performance of the substituted obligation often used in the phrase accord and satisfaction compare accord 3, transaction 3 c … Law dictionary
satisfaction — Act of satisfying; the state of being satisfied. Seago v. New York Cent. R. Co., 349 Mo. 1249,164 S.W.2d 336, 341. The discharge of an obligation by paying a party what is due to him (as on a mortgage, lien, note, or contract), or what is awarded … Black's law dictionary
Mortgage underwriting in the United States — is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable. Most of the risks and terms that underwriters consider fall under the three C’s of underwriting:… … Wikipedia
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
Mortgage belt — The Mortgage belt is a term used in Australian politics to signify residential suburbs which have a high concentration of families mortgaging their homes. Often the belt covers areas where homes could be considered more affordable yet the cost of … Wikipedia
satisfaction piece — noun : a formal written acknowledgment by the holder of a mortgage or judgment of its satisfaction with an authorization for its discharge of record … Useful english dictionary
Welsh mortgage — Welsh Welsh, a. [AS. w[ae]lisc, welisc, from wealh a stranger, foreigner, not of Saxon origin, a Welshman, a Celt, Gael; akin to OHG. walh, whence G. w[ a]lsch or welsch, Celtic, Welsh, Italian, French, Foreign, strange, OHG. walhisc; from the… … The Collaborative International Dictionary of English
