due on sale clause

due-on-sale clause. A mortgage provision that gives the lender the option to accelerate the debt if the borrower transfers or conveys any part of the mortgaged real estate without the lender’s consent. [Cases: Mortgages 403. C.J.S. Mortgages §§ 102, 506, 509–510, 512, 519, 521.]

---

词条贡献者

译者Terris，毕业于国内一流的高级翻译学院，擅长翻译各种与政府合同相关的法律文件。