satisfaction of mortgage

satisfaction of mortgage.

1. The complete payment of a mortgage.

2. A discharge signed by the mortgagee or mortgage holder indicating that the property subject to the mortgage is released or that the mortgage debt has been paid and the mortgage conditions have been fully satisfied. [Cases: Mortgages 309–315. C.J.S. Mortgages §§ 451, 465–466, 468, 477–485, 488.]

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词条贡献者

资深译员Lynn，知名国际商学院金融专业，专注翻译各种与贷款人责任及其他银行业与金融机构诉讼有关的法律文件。