- Alienation Clause
- A clause in a mortgage contract that requires full payment of the balance of a mortgage at the lender's discretion if the property is sold or the title to the property changes to another person. Nearly all mortgages have an alienation clause.
An alienation clause protects a lender by preventing a borrower from assigning debt without the lender's approval. An alienation clause protects the lender from credit risk of the original borrower, or third-party credit risk if the original borrower assigns the debt to another party.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
alienation clause — A provision in a document permitting or forbidding a person from transferring property that is the subject of the document. Dictionary from West s Encyclopedia of American Law. 2005. alienation clause … Law dictionary
alienation clause — UK US noun [C] ► INSURANCE a statement in an insurance agreement saying that the agreement will stop if the insured asset is sold ► BANKING a statement in a loan agreement saying that the loan must be paid back if the asset for which the money… … Financial and business terms
alienation clause — The condition, stated in a policy insuring against loss of property by fire, windstorm, etc., that the policy shall become void in case of the sale or conveyance of the property, or a change in interest or title to the insured property, without… … Ballentine's law dictionary
Anti-alienation clause — An Anti alienation clause is a provision in the governing document for an arrangement such as a trust that specifies that the beneficial or equitable owner of the property held in that arrangement cannot transfer his or her interest to a third… … Wikipedia
alienation — I (estrangement) noun abhorrence, abomination, acrimony, alienatio, animosity, antagonism, antipathy, aversion, bitterness, breach, break, deflection, disaffection, disfavor, disruption, division, enmity, execration, hostility, implacability,… … Law dictionary
alienation — /eyl(i)yaneyshan/ In real property law, the transfer of the property and possession of lands, tenements, or other things, from one person to another. The term is particularly applied to absolute conveyances of real property. The voluntary and… … Black's law dictionary
alienation of assets — The sale by a borrower of some or all of the assets that form the actual or implied security for a loan. It is therefore common practice to include a clause in the document setting up a loan, which restricts the disposal of the borrower s assets… … Accounting dictionary
alienation of assets — The sale by a borrower of some or all of the assets that form the actual or implied security for a loan. It is therefore common practice to include a clause in the document setting up a loan, which restricts the disposal of the borrower s assets… … Big dictionary of business and management
Restraint on alienation — A restraint on alienation, in the law of real property, is a clause used in the conveyance of real property that seeks to prohibit the recipient from selling or otherwise transferring his interest in the property. Under the common law such… … Wikipedia
Employee Retirement Income Security Act — The Employee Retirement Income Security Act of 1974 (ERISA) (USStatute|93|406|88|829|1974|09|02) is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the… … Wikipedia