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.
A subordinate mortgage is a mortgage that is of a lesser priority, or one that is held subordinate to, a primary mortgage.A good example of this would be a second mortgage, or even a third one. The second mortgage is subordinate to the primary, and the third mortgage is subordinate to both of those, etc. etc.What this means that if the home goes into foreclosure, the primary mortgage will be paid off first. Then, if there is any money left over, it will pay off the second mortgage. subordinate mortgage is a mortgage that is of a lesser priority, or one that is held subordinate to, a primary mortgage.