Advance - Law Dictionary Search Results
Home Dictionary Name: advanceFurther advance, or charge
Further advance, or charge, a second or subsequent loan of money to a mortgagor by a mortgagee, either upon the same security as the original loan was advanced upon, or an additional security, Equity considers the arrears of interest on a mortgagee security converted into principal, by agreement between the parties, as a further advance.Although the tacking of a third or subsequent mortgage has been abolished by the Law of Property Act, 1925, s. 94, that s. has expressly preserved the right to tack a further advance by a prior mortgage so that the advance may rank in priority to subsequent mortgages, even if the further advance was made with notice of a subsequent mortgage or charge in cases where the mortgage imposes an obligation to make further advances. Where the mortgage is to secure a current account or any other further advances, notice of an intervening charge will postpone the further advance to that charge but (by way of exception) in this case notice will not be imputed to t...
Advancement
Advancement, promotion; additional price. An advancement clause in a settlement or will is a provision authorizing the trustees, with the consent of the tenant for life, to pay by anticipation a limited portion of the share to which a remainderman will ultimately be entitled for his benefit or advancement in life.In equity the presumption of advancement is an important exception to the doctrine of resulting trusts that a conveyance to a stranger without a consideration is merely a nominal one, and no intention on the face of it of conferring the beneficial interests will result to the grantor. The presumption of advancement generally arises where a person advances money for the purchase of any property or right in the name of another for whom the purchaser is under a legal or even in some cases a moral obligation to provide. It will arise in favour of a wife, legitimate children, and in some cases in regard to persons to whom the purchaser stands in loco parentis, but it has been held ...
advancement
advancement : something given in advance ;specif : money or property given as a gift by a living person (as by a parent to a child) with the intention that the amount the recipient inherits under the law from the person's estate will be reduced proportionately compare ademption NOTE: Advancements apply only when the person making the gift dies without a will. The Uniform Probate Code requires written evidence that the gift was intended to be an advancement. A person who gives a gift that is not intended as an advancement cannot later change it to an advancement. A gift given as an advancement can, however, be changed into an outright gift. ...
Advance
Advance [fr. avancer, Fr., to push forwards, fr. avant, Fr., avante, It., ab ante, Lat.], money paid before it is due 'a loan; increase.Advance means an advance, whether in cash or in kind, or party in cash or partly in kind, made by one person (hereinafter referred to as the creditor) to another person (hereinafter referred to as the debtor). [Bonded Labour System (Abolition) Act, 1976, (19 of 1976), s. 2(a)]...
advance
advance ad·vanced ad·vanc·ing : to supply or provide ahead of time: as a : to give (a gift) by way of or as an advancement b : to supply (as money) beforehand in expectation of repayment or other future adjustment n : a provision of something (as goods or money) before a return is received ;also : the money or goods supplied ...
advance parole
advance parole Permission to return to the United States after travel abroad granted by DHS prior to leaving the U.S. The following categories of people may need advance parole Source: Department of State. March 2007. ...
Advanced member
Advanced member, a member of a building society who has obtained an advance of money from the society on mortgage of real or leasehold estate; see BUILDING SOCIETY....
Contracts concluded in advance
Contracts concluded in advance, Contracts which are concluded between a producers or an association of producers and a buyer to supply hops which have been produced in the community must be registered in the relevant producer member State. A separate register must be kept in each member State in respect of 'contracts concluded in advance, Halsbury's Laws of England, Vol. 1(2), para 1072, p. 719....
advance directive
advance directive ...
advance earned income credit
advance earned income credit Prepayments of the earned income credit by an employer to an employee. ...
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