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Finance Dictionary and Glossary of Investment Terms
After acquired clause
Definition 1.
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.
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Definition 2.
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.
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