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.
You might be familiar with this term if you own a home, but still owe money to the bank via your mortgage. Let's square away some basic definitions before we go into detail. Mortgagor: This is you. The borrower. Mortgagee: This is your lender. It may be a bank, credit union or any other entity that lends you money to purchase a home. Ninety-nine percent of the time, you are borrowing money and paying it back with interest.