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mortgagee clause

American  

noun

Insurance.
  1. a clause attached to a fire-insurance policy for protecting a mortgagee against loss or damage.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Those who manage their parents’ finances might see an annual occupancy letter from the loan servicer or a mortgagee clause on a homeowner’s insurance policy or premium notice.

From Washington Post • Dec. 2, 2015

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