A document or a process in which a secured party gives up its collateral interest in a portion of the property of the debtor that is pledged to secure a loan. For example, if a real estate developer has pledged 10 lots as collateral for a loan, a partial release may be used for each lot as it is sold. For personal property collateral, a partial release may be entered into the public record by using a standard form called a UCC-3. American Banker Glossary
Financial and business terms. 2012.