waiver of defenses

waiver of defenses. Real estate. A document by which a mortgagor acknowledges that the mortgage is good and valid for the full amount of the mortgage note. • This document ensures that the mortgagor has no defenses to the mortgage. — Also termed estoppel certificate; no-setoff certificate; declaration of no defenses. [Cases: Mortgages 415. C.J.S. Mortgages §§ 512–513, 531–534, 700.]

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词条贡献者

译员雪梅，国际知名法学院劳动法专业，专注翻译各种与劳动雇佣有关的法律文件。