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Future Acquired Property |
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Future Acquired PropertyProperty acquired after a loan or sale. For example: A loan agreement may state that the loan is a lien on all property presently owned or which the borrower may acquire in the future.Future Acquired Property Similar MatchesAfter acquired clauseAfter acquired clauseA contractual clause in a mortgage agreement stating that any additional mortgageable property attained by the borrower after the mortgage is signed will be regarded as additional security for the obligation addressed in the mortgage. Acquired surplusAcquired surplusThe surplus acquired when a company is purchased in a pooling of interests combination, i.e. the net worth not considered to be capital stock. |
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