release clause
Definition
Provision in some mortgage agreements that allows for release of a part of the mortgaged asset or property in proportion to the loan amount paid off.
release clause is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
release clause appears in the definition of the following term: release condition
This content can be found on the following page:
http://www.businessdictionary.com/definition/release-clause.html
email to a friend
print this definition
cite this definition
link to this page







