A clause in a mortgage contract specifying if the mortgagor acquires additional mortgageable property after the mortgage is signed, such property will be treated as additional collateral for the mortgage.
Related information about after acquired clause:
- After-Acquired Clause Definition | Investopedia
A provision included in legal contracts ensuring that subsequent acquisitions of assets will be included in the debtor's liability to the lender.
- After-Acquired Clause: Definition from Answers.com
After Acquired Clause 1. Clause in a mortgage bond stating that any property acquired by the mortgagor after the mortgage is signed will be included as.
- After-Acquired Clause - Financial Dictionary - The Free Dictionary
In bond indentures and mortgages, a clause stating that assets acquired after the contract comes into effect may be regarded as additional collateral for the debt.
- What is after acquired clause? definition and meaning
Definition of after acquired clause: A clause in a mortgage contract specifying if the mortgagor acquires additional mortgageable property after the mortgage is ...
- What is after-acquired clause? definition and meaning
Definition of after-acquired clause: Provision in some mortgage and asset based lending agreements, under which any accounts receivable, inventory, ...
- What is AFTER-ACQUIRED CLAUSE? - The Law Dictionary
Definition of AFTER-ACQUIRED CLAUSE: Any assets bought by the borrower to be included as collateral for the original loan. Refer to floating charge.
- Chattel Mortgages: Validity of After-Acquired Property Clause - JStor
23 CALIFORNIA LAW REVIEW after-acquired clause should be valid as against creditors.9 The following reasons support such a view: (1) public policy requires ...
- Chattel Mortgages on After-Acquired Property - Marquette Law ...
or of Massachusetts will enforce the after-acquired clause, even in equity.3. In Chynoweth v. Tenney the court ruled that an estoppel against the mortgagor must ...