Release(redirected from releasors)
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Related to releasors: Releasee
Relieve party to a trade of any previously made obligation concerning that trade, hence allowing the would-be transactor to show the inquiry/order to a new broker.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Written statement by a creditor to the effect that a debtor has either paid off the debt or the debt is otherwise discharged. A creditor may release a lien if the loan has been paid or if other collateral has been offered. Most mortgages contain release clauses indicating under what circumstances the borrower obtains release from the mortgage lien.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
See release of lien.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.