catch all klauzula

főnév

partial

dragnet clause

noun

Comparative law notes

Hungary

In Hungary, the term more likely to be used is "catch all clause".

Definitions of dragnet clause

English

a provision in a loan agreement, mortgage, deed or trust that places the subject property as security for existing past, present and future debts between the debtor, creditor and future beneficiaries.

The court refused to enforce the dragnet clause because it was not negotiated and was misunderstood by the borrower.