conversion or convertibility clause

conversion or convertibility clause
conversion or convertibility clause
A provision in an adjustable-rate mortgage that allows the borrower to change from an ARM to a fixed-rate loan at some point during the term. A provision in convertible securities specifying conversion rights.

Black's law dictionary. . 1990.

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  • conversion or convertibility clause — A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights. See convertible securities …   Black's law dictionary

  • convertibility clause — conversion or convertibility clause A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights.… …   Black's law dictionary

  • convertibility clause — conversion or convertibility clause A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights.… …   Black's law dictionary

  • conversion clause — conversion or convertibility clause A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights.… …   Black's law dictionary

  • conversion clause — conversion or convertibility clause A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights.… …   Black's law dictionary

  • mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …   Black's law dictionary

  • mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …   Black's law dictionary

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