See Also: Due on Sale Clause(money)
Due-on-sale clause(money)
Due on sale clause(finance)
clause(dictionary)
clause(dictionary)
Escalator clause(finance)
Subordination clause(finance)
Multicurrency clause(money)
Valuation clause(finance)
relative clause(dictionary)

incorporeity (iou) and Due on sale clause (finance)


incorporeity (iou)



incorporeity noun. E17.
[medieval Latin incorporeitas, formed as INCORPOREAL: see -ITY.]
The quality or state of being incorporeal; an incorporeal attribute.

Due on sale clause (finance)


A mortgage contract clause stipulating that the borrower pay off the full remaining principal on a mortgage if the mortgaged property is sold before the mortgage is paid off.