What is ALIENATION CLAUSE?

1. in insurance it is a rule that cancels insurance if the owner sells the property. 2.in a loan it is the rule stating the asset is owned once the loan is paid in full.

More On This Topic



Link to This Definition
Did you find this definition of ALIENATION CLAUSE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary