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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

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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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.