Meaning RELEASE CLAUSE: A mortgage provision that releases a pledged asset after a certain portion of the total payments has been made
More terms such as Release clause in Dictionary R.
- Definition Recourse:
- Examples Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt release clause definition.
- Definition Riding The Yield Curve:
- Examples Buying long-term bonds in anticipation of capital gains as yields fall with the declining maturity of the bonds release clause explain.
- Definition Rate Risk:
- Examples In banking, the risk that profits may drop or losses occur because a rise in interest rates forces up the cost of funding fixed-rate loans or other fixed-rate assets release clause what is.
- Definition Reinstatement:
- Examples The restoration of an insurance policy after it has lapsed for nonpayment of premiums release clause meaning.
- Definition Reverse Mortgage:
- Examples agreement allowing a homeowner to borrow against home equity and receive tax-free payments until the total principal and interest reach the credit limit of equity, and the lender is either repaid in release clause abbreviation.