after-acquired property clause
- after-acquired property clause
-
Dictionary from West's Encyclopedia of American Law.
2005.
- 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.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
Look at other dictionaries:
after acquired property clause — A clause in a mortgage providing that any property acquired by the borrower after the date of the loan and mortgage will automatically become additional security for the loan … Black's law dictionary
after-acquired property clause — A clause in a mortgage providing that any property acquired by the borrower after the date of the loan and mortgage will automatically become additional security for the loan … Black's law dictionary
after acquired property clause — A clause in a mortgage providing that any property acquired by the borrower after the date of the loan and mortgage will automatically become additional security for the loan … Black's law dictionary
after-acquired property clause — A clause in a mortgage providing that any property acquired by the borrower after the date of the loan and mortgage will automatically become additional security for the loan … Black's law dictionary
after-acquired property clause — A provision in a bank s documents, the purpose of which is to extend the bank s interest in the debtor s property to property not owned by the debtor at the time of the transaction but subsequently acquired by the debtor. American Banker Glossary … Financial and business terms
after acquired property — Property of debtor which is acquired after security transaction covering property already owned is perfected. Property acquired after the date of the agreement usually becomes additional security for payment of the indebtedness if an after… … Black's law dictionary
after-acquired property — Property of debtor which is acquired after security transaction covering property already owned is perfected. Property acquired after the date of the agreement usually becomes additional security for payment of the indebtedness if an after… … Black's law dictionary
after acquired property — Property of debtor which is acquired after security transaction covering property already owned is perfected. Property acquired after the date of the agreement usually becomes additional security for payment of the indebtedness if an after… … Black's law dictionary
after-acquired property — Property of debtor which is acquired after security transaction covering property already owned is perfected. Property acquired after the date of the agreement usually becomes additional security for payment of the indebtedness if an after… … Black's law dictionary
after-acquired — Acquired after a particular date or event. Thus, a judgment is a lien on after acquired realty, i.e., land acquired by the debtor after entry of the judgment See also after acquired property; after acquired property clause after acquired title … Black's law dictionary
