Additional Security Fee

Business, Legal & Accounting Glossary

Definition: Additional Security Fee

Additional Security Fee

Full Definition of Additional Security Fee

An additional security fee may be required when the mortgage exceeds a certain percentage of the value of the property (usually 75%).

The form of additional security used is normally a Mortgage Indemnity Policy. Occasionally the lender may require a parent to be a guarantor or for other security such as shares or insurance policies to be pledged.

Cite Term

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Page URL
Modern Language Association (MLA):
Additional Security Fee. Payroll & Accounting Heaven Ltd.
August 12, 2022
Chicago Manual of Style (CMS):
Additional Security Fee. Payroll & Accounting Heaven Ltd. (accessed: August 12, 2022).
American Psychological Association (APA):
Additional Security Fee. Retrieved August 12, 2022
, from website:

Definition Sources

Definitions for Additional Security Fee are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 0 Views.