Due-On-Sale

Business / Construction / Due-On-Sale: A clause in a mortgage contract requiring the borrower to pay the entire outstanding balance upon sale or transfer of the property.
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Due-On-Sale-Clause

Business / Real Estate / Due-On-Sale-Clause: A form of acceleration clause found in some mortgages, especially savings and loan mortgages, requiring the mortgagor to pay off the mortgage debt when the property is sold, resulting in automatic mat MORE

Due-On-Sale Clause

Business / Finance / Due-On-Sale Clause: Meeting legally required to be held by an underwriter to enable brokers to question a new issuer about an upcoming issue. MORE