Investment Glossary:

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K 

Kick-Out Clause

• Lease: A clause in the lease that permits a tenant to cancel a lease if the landlord fails to comply with stated conditions or standards.
• Purchase: A clause that protects the buyer by providing that upon the occurrence of some triggering event prior to the deal closing (e.g., seller's acceptance of a new offer) that the buyer has a specific period of time to act (e.g., by matching the terms of the new offer) to avoid being "kicked out" of the contract. The clause must specify precisely what the seller must do to invoke its rights under it.

Kicker:  A payment required by a mortgage in addition to normal principal and interest.