alienation clause Definition | Business Dictionaries from AllBusiness.com
Facebook Twitter You Tube RSS Feed

Business Glossary

SEARCH THE BUSINESS GLOSSARY

Business Definition for: alienation clause
alienation clause

type of acceleration clause allowing the lender to demand full payment when mortgaged property is conveyed to another owner. An example is a due-on-sale clause in a mortgage deed.

See also assumable mortgage
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

AllBusiness Greatest Hits