What is the definition of After-acquired clause? | Dictionary.net

AFTER-ACQUIRED CLAUSE

\ˈaftəɹɐkwˈa͡ɪ͡əd klˈɔːz], \ˈaftəɹɐkwˈa‍ɪ‍əd klˈɔːz], \ˈa_f_t_ə_ɹ_ɐ_k_w_ˈaɪə_d k_l_ˈɔː_z]\

Definitions of AFTER-ACQUIRED CLAUSE

1910 - Black's Law Dictionary (2nd edition)

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Any assets bought by the borrower to be included as collateral for the original loan. Refer to floating charge.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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