Business, Legal & Accounting Glossary
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.
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.
Definitions for After-Acquired Property Clause are sourced/syndicated and enhanced from:
This glossary post was last updated: 9th October, 2021 | 0 Views.