release clause

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Release clause

A mortgage provision that releases a pledged asset after a certain portion of the total payments has been made.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Release Clause

In some mortgages, a clause allowing part of the property that has been pledged to have its lien removed once the borrower has made a defined number of payments on the mortgage.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

release clause

A mortgage clause that allows a partial release of some of the collateral when the borrower pays off a portion of the loan. Typically found in subdivision development mortgages, because the development lender must release its lien in order for the purchaser-homeowner to secure his or her own first mortgage financing.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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"Here in England there are not release clauses. You have to negotiate with the club."
The release clauses indicate he is hardly committed to the long term despite signing lengthy deals.
Release clauses are common place in Spain - with just about every player in La Liga having one - and Merino's representatives demanded that he had one in his deal.
Rondon is one of four players who have relegation release clauses inserted into their Albion contracts.
We really want him to stay but this is football and there are such things as release clauses. The only thing we can do is achieve results with what we have got," ESPN ('t-come-cheap-by-porto?cc=4716) quoted Pereira as saying.
"But Porto has the highest release clauses in the market so it is not easy for these talents to leave us.
The five-year non-recourse loan featured both fixed-rate and floating rate components, and provided for favorable release clauses and flexible amortization geared to the future sale of individual units.
Release clauses are commonplace in Spain, and Merino's representatives demanded that he had one in his deal.