Clause

Entertainment / Literature / Clause: In grammatical terminology, a clause is any word-construction containing a nominative and a predicate, i.e., a subject 'doing' a verb. The term clause contrasts with the term phrase. A phrase might contain nouns as appositives or objects, and it might contain verb-like words in the form of participles or gerunds, but it crucially lacks a subject 'doing' a verb. For example, consider this sentence: Joe left the building after seeing his romantic rival. Clause: Joe left the building. Phrase: after seeing his romantic rival. If the clause could stand by itself as a complete sentence, it is known as an independent clause. If the clause cannot stand by itself as a complete sentence (typically because it begins with a subordinating conjunction), it is said to be a dependent clause. For expanded discussion and examples, click here. For a discusion of clauses according to functional type, click here (TBA).

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

Exculpatory Clause

Business / Real Estate / Exculpatory Clause: A clause in an agreement that relieves a party from all obligation for his or her acts or failure to act. MORE

Alienation Clause

Business / Real Estate / Alienation Clause: A provision sometimes found in a promissory note or mortgage that provides that the balance of the secured debt becomes immediately due and payable at the option of the mortgagee upon the alienation o MORE

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