After-Acquired Property Clause

Business, Legal & Accounting Glossary

Definition: After-Acquired Property Clause


Quick Summary of After-Acquired Property Clause


A phrase in a mortgage (an interest in land that furnishes security for payment of a debt or performance of an obligation) that provides that any holdings obtained by the borrower subsequent to the date of the loan and mortgage will automatically constitute additional security for the loan.




Cite Term


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Page URL
https://payrollheaven.com/define/after-acquired-property-clause/
Modern Language Association (MLA):
After-Acquired Property Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 15, 2021 https://payrollheaven.com/define/after-acquired-property-clause/.
Chicago Manual of Style (CMS):
After-Acquired Property Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/after-acquired-property-clause/ (accessed: October 15, 2021).
American Psychological Association (APA):
After-Acquired Property Clause. PayrollHeaven.com. Retrieved October 15, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/after-acquired-property-clause/

Definition Sources


Definitions for After-Acquired Property Clause 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: 9th October, 2021 | 0 Views.