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.
Florida Real Estate License, Easy as 1,2,3! Join us for an informative livestream session as we delve into the essential steps to obtain your real estate license in Florida. Whether...
Florida Real Estate License, Easy as 1,2,3! Join us for an informative livestream session as we delve into the essential steps to obtain your real estate license in Florida. Whether...
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