Cost Clause

Makes provision in a An agreement between the customer and a bank in the form of a homeloan, whereby the property is used as the security for the loan. It is a legal document that pledges a property to the lender as security for payment of a debt. Afrikaans - Verband

">mortgage A sum of borrowed money (principal) that is generally repaid with interest. Afrikaans - Lening

">loan document, securing an additional amount lent, to cover potential costs, such as transfer and bond costs. Afrikaans - koste klousule