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出售下加速到期条款

名词

full

due-on-sale provision

noun

Definitions of due-on-sale provision

English

a clause in a loan or mortgage agreement allowing the lender to demand that the borrower pay back all of the money borrowed if the borrower sells or transfers the property used as security

The houses were subject to existing due-on-sale provisions and the mortgage companies could demand the properties back at any time.