/ Dictionary / Index M mortgagee clause: Meaning and Definition of Find definitions for: mortgagee' clause" Pronunciation: [key] a clause attached to a fire-insurance policy for protecting a mortgagee against loss or damage. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. mortgagee mortgagor Related Content Daily Word Quiz: sequester Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language