partial release

A document or a process in which a secured party gives up its collateral interest in a portion of the property of the debtor that is pledged to secure a loan. For example, if a real estate developer has pledged 10 lots as collateral for a loan, a partial release may be used for each lot as it is sold. For personal property collateral, a partial release may be entered into the public record by using a standard form called a UCC-3. American Banker Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • partial release — A release of the condition upon which an estate was granted, superficially a partial release, but having effect under the rule in Dumpor s Case, to eliminate the condition entirely. 28 Am J2d Est § 169 …   Ballentine's law dictionary

  • Partial Release — A mortgage provision allowing some of the pledged collateral to be released from the mortgage contract if certain conditions are met. In other words, the partial release allows some of your collateral can be taken off the mortgage once… …   Investment dictionary

  • partial — Relating to or constituting a part; not complete; not entire or universal; not general or total. United States Fidelity & Guaranty Co. v. Baker, Tex.Civ. App., 65 S.W.2d 344, 346 @ partial account An account of an executor, administrator,… …   Black's law dictionary

  • release — A document or a process in which a secured party gives up its collateral interest in the property of the debtor. Releases may be for all of the property of the debtor or may be partial. For example, if a real estate developer has pledged 10 lots… …   Financial and business terms

  • release price — The predetermined amount of loan reduction that will be required by the bank before the developer can obtain a partial release of the bank s lien that covers the portion of the collateral that is being sold. American Banker Glossary …   Financial and business terms

  • Partial Nuclear Test Ban Treaty — 7 October 1963 President Kennedy signs the Limited Nuclear Test Ban Treaty in the Treaty Room at the White House. L R: William Hopkins, Sen. Mike Mansfield, John J. McCloy, Adrian S. Fisher, Sen. John Pastore, W. Averell Harriman, Sen. George… …   Wikipedia

  • Partial Terms of Endearment — Эпизод «Гриффинов» «Partial Terms of Endearment» Лоис на приёме у доктора Хартмана перед экстракорпоральным оплод …   Википедия

  • Partial Test Ban Treaty — The Treaty banning Nuclear Weapon Tests In The Atmosphere, In Outer Space And Under Water, often abbreviated as the Partial Test Ban Treaty (PTBT), Limited Test Ban Treaty (LTBT), or Nuclear Test Ban Treaty (NTBT) (although the latter also refers …   Wikipedia

  • Partial Portraits — Infobox Book | name = Partial Portraits author = Henry James country = United Kingdom language = English genre = Literary criticism publisher = Macmillan and Co., London release date = 8 May 1888 media type = Print (Hardback) pages = 408 pp isbn …   Wikipedia

  • partial emancipation — The act of a parent in authorizing his minor child to make its own contract of service, and to collect and spend its wages, but retaining custody and control of the child. Lufkin v Harvey, 131 Minn 238, 154 NW 1097. The release of a minor child… …   Ballentine's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.