release clause

Release clause

A mortgage provision that releases a pledged asset after a certain portion of the total payments has been made.

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.

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.

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The French defender's current deal runs to 2021, and despite the longevity in his contract, his [euro]60million release clause has the La Liga leaders worried.
The French defender is understood to be on the brink of joining the Etihad side, with sources close to his club Athletic Bilbao claiming they have triggered the defender's release clause.
City moved to trigger Laporte's release clause after the French centre-back indicated his desire to finally leave Spain to play for Pep Guardiola's runaway Premier League leaders.
City plan to activate the E65 million release clause in Laporte's contract after deciding to renew their interest in the 23-year-old in the belief he represents a better long-term option than West Bromwich Albion's Jonny Evans.
That could complicate matters for City, as his release clause is said to rise to PS65.
The release clause of his contract is now set at e1/4500 million.
One major stumbling block has been his agent's desire for a release clause.
Thomas Vermaelen, a defender West Brom were considering moving for this past summer, has explained that there was no chance of him getting a move away from Barcelona - as he had an astonishing [euro]80m release clause that put potential suitors off.
Juventus chief Beppe Marotta has admitted that Dybala does not have a release clause in his contract and the club are powerless to stop him leaving.
Jurgen Klopp had been trying without success to sign Keita this summer but the Guinea international has a 48m release clause in his contract which will be activated at the end of the season.
Spain's La Liga on Thursday rejected payment of a record-breaking release clause that would allow Neymar to leave Barcelona for Paris St Germain, a source from the national football league said.
The release clause was triggered upon relegation, a fate which City suffered at the end of April when they dropped out of League One to the fourth tier of English football.