Mortgagee Clause

Mortgagee Clause,

Mortgagee Clause:

A homeowners insurance clause that lists all home lenders or mortgagors. If the policyholder terminates the policy due to an action such as arson, this clause may help protect the lender's investment.

A clause in an insurance policy that makes a joint claim between the policyholder and the mortgagee on the property.

Literal Meanings of Mortgagee Clause

Mortgagee:

Meanings of Mortgagee:
  1. Mortgage lender, usually a bank.

Sentences of Mortgagee
  1. Therefore, the second mortgage lender usually agrees to repay the first mortgage lender at the same time.

Synonyms of Mortgagee

financial institution

Clause:

Meanings of Clause:
  1. The grammatical organization unit, located below the sentence in the line, should consist of a subject and a prediction in traditional grammar.

  2. Articles, terms or conditions are specific and separate from an agreement, bill or agreement.

Sentences of Clause
  1. In each of the above sentences, two sentences are attached to one sentence without a sentence.

  2. Contracts usually have a choice of law that determines the applicable law.

Synonyms of Clause

passage, subsection, idiomatic expression, construction, article, group of words, phrasal idiom, term, wording, item, part, turn of phrase, phrasal verb, point, set phrase, idiom, paragraph, locution, heading, section, expression, word group, note

Mortgagee Clause,

What is Mortgagee Clause?

  1. A clause in the mayor's insurance policy that lists all lenders or mortgagors. This clause can help protect the lender's investment if the policyholder cancels the policy due to an action such as arson.

  2. A clause in an insurance policy that makes a claim against the policyholder and the mortgage lender about the property.

Literal Meanings of Mortgagee Clause

Mortgagee:

Meanings of Mortgagee:
  1. Mortgage lender, usually a bank, mortgage lender or savings and loan union.

Clause:

Meanings of Clause:
  1. The grammatical organization unit, which is located just below the sentence in the line and should have a prediction in a subject and traditional grammar.

  2. Articles, terms or conditions that are defined and separate from an agreement, law or contract.

Synonyms of Clause

specification, provision, proviso, rider, requirement, condition, stipulation

Mortgagee Clause,

Mortgagee Clause Definition:

  • Mortgagee Clause means: A provision in the meoers insurance policy that lists all lenders or mortgagors. If the policyholder cancels the policy due to an action such as arson, this clause can help protect the lender's investment.

Literal Meanings of Mortgagee Clause

Clause:

Meanings of Clause:
  1. A grammatical organizational unit located directly below a sentence line and contains an article and prediction in traditional grammar.

  2. Articles, terms or conditions set forth in an agreement, law or agreement.