Dragnet Clause Financial Glossary

What is it? A provision in a mortgage or security agreement that attempts to extend the security interest granted to the creditor to cover not only the described debt but also all other present and future indebtedness of the debtor.

Finance Term Definition Added By: Sebastian

The Dragnet Clause definition has been viewed 3984 Time(s)!

Send To Friends!

If you'd like to send the Dragnet Clause definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Dragnet Clause. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Credit Insurance is Pays your monthly instalments if you have a loan, or a percentage of your credit card debts for a set period of time, if you cant work or are made redundant.

Financial Term BIF is (see Bank Insurance Fund)

Financial Term Singlefamily house is A type of residential structure designed to include one housing unit. Adjacent units may share walls and other structural components, but each unit has separate access to the outside and does not share kitchen facilities or plumbing or heating equipment.

Financial Term Promissory Note is The legal document which binds a borrower to the repayment obligations and other terms and conditions which govern a loan program.

Financial Term Bodily Injury Liability Coverage is The part of an auto insurance policy that provides coverage against injuries caused to other people by the insured.