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.
mortÂ·gaÂ·gor (mÃ´râ²gÄ­-jÃ´râ², mÃ´râ²gÄ­-jÉr) also mortÂ·gagÂ·er (mÃ´râ²gÄ­-jÉr) n. One that mortgages property, usually the nominal owner entitled to use of the property. mortgagor (ËmÉËÉ¡ÉªdÊÉ; ËmÉËÉ¡ÉªËdÊÉË) or mortgager n (Law) property law a person who borrows money by mortgaging his or her property to the lender as security. mortâ¢gaâ¢gor or mortâ¢gagâ¢er (ËmÉr gÉ dÊÉr) n. a person who mortgages property. mortgagor a person who mortgages property or gives the property as security; the borrower in a mortgage transaction.