add on clause

add-on clause. An installment-contract provision that converts earlier purchases into security for new purchases. [Cases: Secured Transactions 114, 146. C.J.S. Secured Transactions §§ 10, 83, 103–105.]

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词条贡献者

译员Nanda，毕业于英国顶尖的高级翻译学院，专注翻译各种与证券和消费者集体诉讼有关的法律文件。