DEFEASANCE CLAUSE A clause in a mortgage which ensures that, once the borrower has met all of her obligations under the terms of the mortgage and paid out the entire principle and interest borrowed, the lender's legal interest in the property is extinguished.
Loans Glossary.com Term Of The Day was designed specifically to expand and enhance your career and personal vocabulary, using selected lending terms from the Loans Glossary interchanged selectively with terms from other Mega Glossaries for their usefulness in business, public speaking and day-to-day conversation .You may also search any term from the Loans Glossary and Mega Glossary database menus provided below.
Subscribe & Receive Loans Glossary In You Email Weekly
Please select a letter from the following list to consult terms:
from the MegaFactor newsletter selections and receive your FREE newsletter every 2 weeks by Email.
Choose from the Mega Column selections and receive your FREE Mega Column every 2 weeks by Email.
RealVenue / HomeDaata
Real Estate Community
/ Seller MultiMedia Presentation
and Sellers we have put together this multi-media presentation for you to watch
and interact with. It gives you some great tips whether or not your are buying
or selling a home. Click
Here To View
Ways To Mega Manage Your Finances. Check out our Mega Interactive Course on how
to manage your money effectively.
"If the whole universe has no meaning, we should never have found out that it has no meaning: just as, if there were no light in the universe and therefore no creatures with eyes, we should never know it was dark. Dark would be without meaning." -- Clive Staples Lewis