Mortgagee

{
  "id": "MLC-T-INS-002234",
  "term": "Mortgagee",
  "field": "Insurance and risk management",
  "definition": "The lender in a mortgage agreement, who receives a security interest in the borrower's property as collateral for a loan. This party holds the mortgage as a lien against the property until the debt is fully repaid. In insurance policies covering mortgaged property, the mortgagee is named as an additional insured or loss payee.",
  "url": "https://mlchart.com/terminology/insurance/mortgagee/"
}