release clause


Provision in a mortgage allowing for the freeing of part of a property from the mortgage after a proportional amount of the mortgage has been paid.

Use release clause in a sentence

You should try to work a release clause in to any contract to give you more flexibility later on in the deal.

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We were able to use the release clause to offer the back half of our property to our son and his wife so they can go ahead and build their new house.

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My brother was relieved to learn he was able to have his mortgage written off because there was a release clause in the contract that kicked in after he paid off most of the amount owed.

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