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 mortgage is a contract between the lender and the borrower that allows a borrower to borrow money from a lender for the purchase of housing/property. A mortgage is also an assurance to the lender which promises that the lender can recover the loan amount even if the borrower defaults.