Mortgage Holders Clause,
Mortgage Holders Clause Definition:
A simple definition of Mortgage Holders Clause is: Standard property insurance provisions that form a separate contract element between the mortgage company and the insurance company. Any damage to a building or structure will be paid and insured with the mortgage company, and the cancellation of insurance coverage will not affect the mortgage lender without the opportunity to meet the needs of the first insurer.
Literal Meanings of Mortgage Holders Clause
Mortgage:
Meanings of Mortgage:
A legal arrangement under which banks, mortgage lenders, etc. lend at interest in exchange for allocating the lender's property, provided that the transfer of ownership is terminated upon repayment of the loan.
Deliver the loan to the lenders as collateral (assets).
Sentences of Mortgage
I deposited one lakh in cash and mortgaged the rest.
The form is mortgaged
Holders:
Meanings of Holders:
A device or instrument for holding something.
People who have something.
Small operator
Sentences of Holders
I put the phone back on the swing.
Holder of a British passport.
Synonyms of Holders
support, custodian, covering, possessor, rest, bearer, receptacle, base, stand, rack, occupant, owner, proprietor, container, housing, casing, sheath, cover, case, incumbent, keeper
Clause:
Meanings of Clause:
The grammatical organization unit, which is located just below the sentence in the line and should contain a prediction of a subject and traditional grammar.
Articles, terms or conditions that are defined and separate from an agreement, law or contract.
Synonyms of Clause
specification, heading, condition, section, rider, note, provision, passage, part, subsection, point, requirement, paragraph, article, item, proviso, stipulation
