After-Acquired Clause — A provision included in legal contracts ensuring that subsequent acquisitions of assets will be included in the debtor s liability to the lender. This clause is used to provide extra protection to lenders. The clause ensures that new purchases… … Investment dictionary
after acquired clause — A contractual clause in a mortgage agreement stating that any additional mortgageable property attained by the borrower after the mortgage is signed will be regarded as additional security for the obligation addressed in the mortgage. Bloomberg… … Financial and business terms
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 … 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
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
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 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