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

译者成昱，毕业于世界顶级翻译学院，擅长翻译各种与集体诉讼相关的法律文件。