Call Option

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • stipulation
  • motion to be paid
  • fine print
  • provision
  • requiring full payment
  • clause

Definition of Call Option

  1. A mortgage clause that provides the lender with rights to request the remaining balance of a mortgage at any time.

Related Terms and Acronyms

  • Acceleration Clause Bank,
    • A provision within a document that explains how the lender expects payment for a loan, in due haste.
  • Lender Bank,
    • The bank or mortgage company offering the loan.
  • Breach of Contract (BOC) Acronym,
    • Failure to abide by terms of a legal agreement without a legal excuse.
  • Alienation Clause Definition,
    • A requirement that the borrower pay the mortgage in full upon transfer of the property.
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