Indebtedness

Release Clause
A clause in a mortgage that gives the property owner the privilege of paying off a portion of the mortgage indebtedness, thus freeing a portion of the property from the mortgage.
Securities
Financial instruments that represent ownership or debt and provide the holder with a right to receive financial returns or an interest in the profits or assets of an enterprise.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.