Additional Principal Payment - Law Dictionary Search Results
Home Dictionary Name: additional principal paymentadditional principal payment
additional principal payment money paid to the lender in addition to the established payment amount used directly against the loan principal to shorten the length of the loan. Source: U.S. Department of Housing and Urban Development ...
Judge
Judge [fr. juge, Fr.; judex, Lat.], one invested with authority to determine any cause or question in a Court of judicature. The word 'judge' denotes not only every person who is officially designated as a judge but also every person who is empowered by law to give, in any legal proceeding, civil or criminal, definitive judgment, or a judgment which, if not appealed against, would be definitive, or a judgment which, is confirmed by some other authority, would be definitive or who is one of a body of persons which body of persons is em-powered by law to give such a judgement (Indian Penal Code, 1860, s. 19)To secure the dignity and political independence of the judges of the Supreme Court, it is enacted by s. 5 of the (English) Jud. Act, 1875 (replaced by Jud. Act, 1925, s. 12), repeating in effect a provision of the Act of Settlement (12 & 13 Wm. 3, c. 2), that the judges of the Supreme Court (with the exception of the Lord Chancellor, who goes out with the Ministry) shall hold their o...
Additional
Additional, The word 'additional' in s. 3(1) which involves the idea of joining or uniting one thing to another so as thereby to form one aggregate. The additional salex tax is in the nature of a surcharge over and above what is due and payable by an assessee under the principal Act, Ashok Service Centre v. State of Orissa, AIR 1983 SC 394 (401): (1983) 2 SCC 82. [Orissa Additional Sales Tax Act, 1975 (24 of 1975) as amended by Orissa Additional Sales Tax (Amendment) Act, 1979 (3 of 1979)]...
principal
principal 1 : being the main or most important, consequential, or influential [their place of business] [the obligor] 2 : of, relating to, or constituting principal or a principal [the amount of the loan] n 1 : a participant in an action or transaction esp. having control or authority [the s of a business]: as a : one who engages another to act for him or her subject to his or her general control or instruction : one from whom an agent derives authority to act compare fiduciary b : one who commits a crime or instigates, encourages, or assists another to commit it esp. when constructively or actually present see also accessory principal in the first degree : a principal under common law who intentionally commits and is actually or constructively present at the commission of a crime principal in the second degree : a principal under common law who aids, encourages, or commands another to commit a crime and is actually or constructively present when it is committed c : the per...
principal, interest, taxes, and insurance (piti)
principal, interest, taxes, and insurance (piti) the four elements of a monthly mortgage payment; payments of principal and interest go directly towards repaying the loan while the portion that covers taxes and insurance (homeowner's and mortgage, if applicable) goes into an escrow account to cover the fees when they are due. Source: U.S. Department of Housing and Urban Development ...
payment due date
payment due date Contract language specifying when payments are due on money borrowed. The due date is always indicated and means that the payment must be received on or before the specified date. Grace periods prior to assessing a late fee or additional interest do not eliminate the responsibility of making payments on time. Source: U.S. Department of Housing and Urban Development ...
original principal balance
original principal balance the total principal owed on a mortgage prior to any payments being made. Source: U.S. Department of Housing and Urban Development ...
Principal sum adjudged
Principal sum adjudged, means the original amount lent without the addition thereto of any interest whatsoever, State Bank of India v. Sewa Singh, (1995) 3 Sim LJ 1796; Union Bank of India v. Dalpat Gaurishankar Upadyay, AIR 1992 Bom 482. (Civil Procedure Code, 1908, s. 34)...
notional principal amount
notional principal amount the proposed amount which interest rate swap payments are based but generally not paid or received by either party. Source: U.S. Department of Housing and Urban Development ...
debt service
debt service : the amount of interest and principal payments due annually on long-term debt ...
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