Partial Release Clause

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May 04 , 2016

Tampa School of Real Estate

Partial Release Clause

Definition: a mortgage provision under which the mortgagee agees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money

Pronunciation: \ˈpär-shəl\ \ri-ˈlēs\ \ˈklȯz\

Used in a Sentence: A partial release clause is frequently found in tract development construction loans.

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