Definition of future advances clause

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TeachMeFinance.com - explain future advances clause



future advances clause -- a clause in a mortgage contract that allows a lender to advance additional funds without executing a new mortgage instrument.



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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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