release clause

release clause definition - business

release clause

Stipulation in a loan agreement that allows the borrower to repay a specific amount of the debt and gain release of a portion of the property used as security for the loan. For example, a borrower gains a release of one of five rental properties used as security for a blanket loan.

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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