Submortgagee

Translation of "submortgagee" into Russian

Noun

/sʌbˌmɔːɡɪˈsiː/

/sʌbˌmɔrɡɪˈsi/

submortgagee

submortgagees pl

субипотекодержатель

The submortgagee has certain rights to the property under the submortgage agreement.

Субипотекодержатель имеет определенные права на имущество в соответствии с договором субипотеки.

Noun

/sʌbˌmɔːɡɪˈsiː/

/sʌbˌmɔrɡɪˈsi/

A person or entity to whom a mortgage is transferred by the original mortgagee as security; the transferee of a mortgage.

As submortgagee, the investment fund acquired the mortgagee's right to foreclose on the property.

Adjective

/sʌbˌmɔːɡɪˈsiː/

/sʌbˌmɔrɡɪˈsi/

Relating to or characteristic of a submortgagee or the rights held by a submortgagee.

The contract contained several submortgagee provisions to protect the lender.