termination statement |
|
Definition
Document signed by the lender in asset based (mortgage) lending that brings the lender's claim of security interest in the mortgaged asset to an end on payment of the full loan amount and associated charges.
email to a friend
print this definition
cite this definition
link to this page
termination statement is in the Banking, Commerce & Finance subject.
This content can be found on the following page:
http://www.businessdictionary.com/definition/termination-statement.html







