| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
due-on-sale clause
Definition 1.
A provision in a mortgage enabling the lender to demand full repayment if the borrower sells the mortgaged property.
|
Definition 2.
mortgage contract clause stipulating that the borrower to pay off the full remaining principal on a mortgage if the mortgaged property is sold before the mortgage is paid off.
|
|
|