Additional Security Fee

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Definition: Additional Security Fee

Additional Security Fee
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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

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/additional-security-fee/
Modern Language Association (MLA):
Additional Security Fee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/additional-security-fee/.
Chicago Manual of Style (CMS):
Additional Security Fee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/additional-security-fee/ (accessed: April 23, 2024).
American Psychological Association (APA):
Additional Security Fee. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/additional-security-fee/

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.