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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Timo Wernerhas signed a new this week withRed Bull Leipzig, however it has been revealed that his contract includes a surprisingly low release clause.
He has a PS16.5million release clause in his contract, and while it's unclear if Yifang have triggered it, they were offering more than any interested English clubs.
BARCELONA have completed the signing of Antoine Griezmann from Atletico Madrid after meeting the €120million release clause for the player.
Atletico Madrid's World Cup winner Antoine Griezmann is nearing a transfer to Barcelona, according to reports on Thursday in his native France and in Spain.Spanish newspaper Mundo Deportivo says the Catalans will pay Griezmann's release clause of 120m euros ($135m) and the 28-year-old has signed a five-year deal at the Camp Nou.
The 28-year-old World Cup winner has signed a five-year deal which includes an 800m euro (Au717m) release clause. He signed a new five-year deal in June 2018, but announced in May he would be leaving the club this summer.
They have flatly refused to accept Barcelona's request to pay the release clause in instalments after being made aware of an agreement being reached in March.
MANCHESTER City have activated the release clause in Atletico Madrid midfielder Rodri's contract, the LaLiga club have announced.
Manchester City are set to sign Atletico Madrid's Rodrigo Hernandez for a club-record 70 million euros after activating the midfielder's release clause on Wednesday.
RODRI HERNANDEZ has become Manchester City's record signing after the English champions met his PS63million release clause.
UNITED will have to pay more than Bruno Fernandes' EUR35m release clause if they are to land him this summer, according to Sporting's club president.
The 29-year-old has a PS16.5m release clause in his Hawthorns contract and Nuno Espirito Santo's side are in the hunt for his signature.
PETERBOROUGH chairman Darragh MacAnthony says they are determined to keep Sunderland target Marcus Maddison this summer - and he doubts Sunderland will match his release clause.