future acquired property
Property that is received or obtained by a borrower subsequent to the date that he or she executes a loan agreement which offers property currently owned as collateral.

Dictionary from West's Encyclopedia of American Law. 2005.


future acquired property
Property that is received or obtained by a borrower subsequent to the date that he or she executes a loan agreement which offers property currently owned as collateral.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

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