Definition of subordination clause

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TeachMeFinance.com - explain subordination clause



subordination clause -- a mortgage clause that makes other debts or rights in the collateral real estate secondary to the claim of the mortgage lender.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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