590 CHAPTER Twenty-Seven

590 CHAPTER Twenty-Seven

SASH — Wood or metal frames containing one or more window panes. SATISFACTION — Discharge of a mortgage or trust deed from the records upon payment of the debt. SATISFACTION PIECE — An instrument for recording and acknowledging payment of an indebtedness secured by a mortgage. SCRIBING — Fitting woodwork to an irregular surface. SEAL — An impression made to attest the execution of an instrument. SECONDARY FINANCING — A loan secured by a second mortgage or trust deed on real property. These can be third, fourth, fifth, sixth mortgages or trust deeds, on and on ad infinitum. SECONDARY MARKET — The buying and selling of existing deeds of trust and promissory notes.