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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