partial release

partial release definition - business

partial release

Relinquishment by a lender to its claim on a portion of real property. For example, the developer of a subdivision may gain a partial release as lots in the subdivision are sold and funds received are applied to the mortgage.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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