After-Acquired Property Clause
AFTER-ACQUIRED PROPERTY CLAUSE
A phrase in a mortgage (an interest in land that furnishes security for payment of a debt or performance
of an obligation) that provides that any holdings obtained by the borrower subsequent to the date of the loan and mortgage will automatically constitute additional security for the loan.
"After-Acquired Property Clause." West's Encyclopedia of American Law. . Encyclopedia.com. (September 23, 2018). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/after-acquired-property-clause
"After-Acquired Property Clause." West's Encyclopedia of American Law. . Retrieved September 23, 2018 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/after-acquired-property-clause