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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

due-on-sale clause  

Definition 1.

A provision in a mortgage enabling the lender to demand full repayment if the borrower sells the mortgaged property.
 

Definition 2.

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