*Contains Official Comments | **Special SOF for investment securities

Jargon File | commercial law knowledge base CGI interface

Future advance clause

Average score: 0 (total votes: 0)

  1. A clause in a security agreement that makes clear that the security interest granted by the debtor to the secured party secures not only existing loans made by the secured party to the debtor but also secures any future advances or loans made by the secured party to the debtor.
« Fraudulent transfer | printable | add bookmark | GAAP »


kb.cgi - generic knowledge base CGI interface | most popular | (c) William H. Widen 2002-2024