mortgage clause

noun

Legal Definition of mortgage clause

: a clause in an insurance contract (as for fire insurance) that entitles a named mortgagee to be paid for damage or loss to the property — see also open mortgage clause, standard mortgage clause

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“Mortgage clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/mortgage%20clause. Accessed 12 Aug. 2020.

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