The role of memory in one’s cognition of sentential meaning is a pivotal topic in Indian philosophical debates on the nature of language. The Bhāṭṭa Mīmāṃsakas claim in their doctrine of abhihitānvaya that words denote word-meanings which in turn lead one to sentential meaning, with memory playing only a limited role in this process. The Prābhākara Mīmāṃsakas however assign memory a central role and assert that each word in a sentence denotes the connected sentential meaning. This paper is a philosophical and philological study of the arguments presented by the influential Prābhākara thinker Śālikanātha in his Vākyārthamātṛkā-I (VM-I) in order to substantiate the role of memory as part of the doctrine of anvitābhidhāna. The VM-I commences these discussions with an objection of the Bhāṭṭa pūrvapakṣin against this Prābhākara doctrine (often quoted even in recent scholarship), and thereafter proceeds to refute this objection by demonstrating the role of memory, specifically in regard to word-meaning. Śālikanātha lays out his refutation by means of several layers of intricate argumentation, and this paper attempts to follow the text closely and present cogently his philosophical reasoning. The aim of this paper is thus to not only demonstrate the early pre-empting of this Bhāṭṭa objection by Śālikanātha himself but also his own responses to this, thereby enabling one to understand with greater clarity a cornerstone of the elaborate doctrine of anvitābhidhāna.