May 04 , 2016
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.