Meaning of “alienation clause” in the English Dictionary

"alienation clause" in Business English

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alienation clausenoun [ C ]

uk us

INSURANCE a statement in an insurance agreement saying that the agreement will stop if the insured asset is sold

BANKING a statement in a loan agreement saying that the loan must be paid back if the asset for which the money was borrowed is sold

(Definition of “alienation clause” from the Cambridge Business English Dictionary © Cambridge University Press)