Proponents of transmission flushing often claim 100% of the fluid is replaced. This is untrue for several reasons. When the engine is running and the transmission is in park, only a part of the fluid is circulated. A good deal of fluid simply flows from the pump back to the pan, through the pressure relief valve.
DEFINITION of 'Mortgagee'. An entity that lends money to a borrower for the purpose of purchasing a piece of real property. By accepting a mortgage on the real property, the lender creates security in the full repayment of the loan in the future.
value of the property. A âmortgagorâ is a person who mortgages his property to another and, for. the purposes of this discussion, is typically the named insured. A âmortgageeâ is the person to. whom the mortgage is made, typically a bank or financial institution. A âlien holderâ is a person. or institution holding a mortgage or having a legal claim in the specific property, or another. person holding a security interest. II.